The Dollar Amount of Sales Needed to Achieve a Target

question 80

True/False

The dollar amount of sales needed to achieve a target income is computed by dividing the sum of fixed costs plus the target income by the contribution margin ratio.

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Definitions:

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public expenses.

Import Quota

A government-imposed limit on the quantity of a specific good that can be imported into a country.

Honda Automobiles

A reference to the range of vehicles manufactured by the Honda Motor Company, a multinational automotive manufacturer.

Emission Exhaust

The release of gases or other pollutants into the air from internal combustion engines or other sources.