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Answer the Following Question(s)using the Information Below

question 69

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Answer the following question(s) using the information below.Stephanie's Bridal Shoppe sells wedding dresses.The average selling price of each dress is $1,000, variable costs are $400, and fixed costs are $90,000.
-How many dresses must the Bridal Shoppe sell to yield after-tax net income of $18,000, assuming the tax rate is 40%?


Definitions:

Present Value

The contemporary valuation of a future amount of money or series of cash inflows, calculated with a particular rate of return.

Discount Rate

The Discount Rate represents the interest rate applied to calculate the present value of future cash flows within discounted cash flow analysis.

Present Value

The worth as of today of a future money sum or cash flow series, taking into consideration a specific rate of return.

Present Values

This is a concept in finance that calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.

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