Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. choco corp. manufactures and sells running shoes.

Choco Corp. manufactures and sells running shoes. During year 2016, its total sales revenue is...

50.1K

Verified Solution

Question

Accounting

Choco Corp. manufactures and sells running shoes. During year 2016, its total sales revenue is $50,000 and sold 625 running shoes. The selling price is $80 per unit and variable cost per unit is $11. Total fixed costs are $12,000 per year.

For year 2017, Choco Corp. wants to set $60,000 as its target profits (before taxes). How many running shoes should Choco needs to sell to achieve this target profit? (round your answer to the nearest units)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

From the following observations of annual EPS for a company, what is the first-order autocorrelation? Time EPS 1 3.06 2 3.27 3 4.44 4 4.07 5 5.26 6 5.59 Note that...

Statistics
Q

(Struc&prop of Mat) If homogeneous nucleation occurs at 900°C in copper (Tmp=1085°C) a. Calculate the critical radius size...

Chemistry
Q

Respond to at least two classmates with substantial posts. i just need you to respond A diet...

Biology
Q

need to know a,b,c,d A. describe and compare the major structural features of the male and female...

Medical Sciences
Q

Describe the limitations of light wave theory in accurately predicting blackbody radiation and Planck's solution

Physics
Q

Could some give a deep descripition about the power factor. 1. How the power factor will be...

Electrical Engineering
Q

Do an analysis of the innovation culture of one local and one international organisation in your...

General Management
Q

Amino donate a proton to water groups are weak acids That means they will Select...

Biology
Q

Water is leaking from a tank at a rate of R(t) gallons per hour, where...

Basic Math
Q

The perimeter P in yards of a soccer field is represented by the formula P...

Algebra
Q

Suppose that Apple Juice Production Company is planning to sell 40,000 pounds of apple some...

Finance
Q

If a company uses a periodic inventory system, the gross profit method can be used...

Accounting