Lindsay Company Reported the Following Results from Sales of 5,000
Lindsay Company reported the following results from sales of 5,000 units for the month of June:
Assume that Lindsay increases the selling price of the product by 10% on July 1.How many units would have to be sold in July in order to generate an operating income of $20,000?
A) 4,000 units.
B) 4,300 units.
C) 4,500 units.
D) 5,000 units.Units required = (60,000 + 20,000)/20 = 4,000 units.