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I Love Rocks Inc. is targeting a net income of $1,020 after taxes. Fixed costs...

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Question

Accounting

I Love Rocks Inc. is targeting a net income of $1,020 after taxes. Fixed costs are $2,400 and its income tax rate is 25%. The selling price per rock is $10 and the fixed cost is $4 per rock. How many units need to be sold to meet this target net income after taxes?
Question 7 Answer
a.
500 units
b.
650 units
c.
627 units

Answer & Explanation Solved by verified expert
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