Hanleys Carwash has 80000 of fixed costs and variable costs

Hanley\'s Carwash has $80,000 of fixed costs and variable costs of 60% of sales. How much is total sales to achieve a net income of $140,000?

A) $550,000 B) $220,000 C) $150,000. D) $366,667

The answer is Option A: $550,000

Dear Student,

Best effort has been made to give quality and correct answer. But if you find any issues please comment your concern. I will definitely resolve your query.

Also please give your positive rating.

	Amount in $
Fixed cost	80,000
Add: Net Income	140,000
Contribution Margin	220,000
Variable Cost	60% of sales
Contribution Margin	40% of Sales
Sales	*220000100%/40%**
Sales	550,000

$Hanley\'s Carwash has $80,000 of fixed costs and variable costs of 60% of sales. How much is total sales to achieve a net income of $140,000? A) $550,000 B) $22$

Hanleys Carwash has 80000 of fixed costs and variable costs

Solution

Get Help Now

Submit a Take Down Notice