Lindsay Company Reported the Following Results from Sales of 5,000

Question 216
Multiple Choice

Lindsay Company reported the following results from sales of 5,000 units for the month of June: img 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.