Marvin Co Had a Net Loss of $150000 in 2015 When

question 64

Essay

Marvin Co. had a net loss of $150000 in 2015 when the selling price per unit was $20 the variable costs per unit were $15 and the fixed costs were $600000. Management expects per unit data and total fixed costs to be the same in 2016. Management has set a goal of earning net income of $75000 in 2016.
Instructions
(a) Compute the units sold in 2015.
(b) Compute the number of units that would have to be sold in 2016 to reach management's desired net income level.
(c) Assume that Marvin Co. sells the same number of units in 2016 as it did in 2015. What would the selling price have to be in order to reach the target net income? Use the mathematical equation.

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Definitions:

MHC Markers

Self-proteins in the plasma membrane of vertebrate body cells.

Immunoglobulin

A class of proteins, also known as antibodies, produced by the immune system to identify and neutralize foreign objects such as bacteria and viruses.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the growing baby while removing waste products.

Dendritic Cells

Immune cells that process antigen material and present it on the cell surface to the T cells, functioning as messengers between the innate and adaptive immune systems.