Question

Bindle-Featherston Company has a new product. It estimates that first year sales will result in 150,000 units sold and a growth rate of 12% per year. The sales price is $25 per unit and will increase by 5% per year. The fixed costs are $200,000 per every 100,000 units and variable costs are $10 per unit. Variable costs will increase by 3% per year due to increased material and labor costs. Using Excel's Goal Seek calculate the number of units that will need to be sold in year one to earn a profit of $100,000. Multiple Choice 8,000 20,000 12,333 13,334

          Bindle-Featherston Company has a new product. It estimates that first year sales will result in 150,000 units sold and a growth rate of 12% per year. The sales price is $25 per unit and will increase by 5% per year. The fixed costs are $200,000 per every 100,000 units and variable costs are $10 per unit. Variable costs will increase by 3% per year due to increased material and labor costs. Using Excel's Goal Seek calculate the number of units that will need to be sold in year one to earn a profit of $100,000.
Multiple Choice
8,000
20,000
12,333
13,334

Bindle-Featherston Company has a new product. It estimates that first year sales will result in 150,000 units sold and a growth rate of 12% per year. The sales price is $25 per unit and will increase by 5% per year. The fixed costs are $200,000 per every 100,000 units and variable costs are $10 per unit. Variable costs will increase by 3% per year due to increased material and labor costs. Using Excel's Goal Seek calculate the number of units that will need to be sold in year one to earn a profit of $100,000.
Multiple Choice
8,000
20,000
12,333
13,334

Added by David S.

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