Lake Sales Had $2,200,000 in Sales Last Month

question 120

Multiple Choice

Lake Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000.
-What sales volume does Lake's need to yield a $240,000 operating profit?

• A) $600,000.
• B) $2,020,000.
• C) $2,400,000.
• D) $2,440,000.

---

Definitions:

State-Dependent Learning

The phenomenon whereby information learned in a particular state of mind is more easily recalled when in that same state.

Social Learning Theory

A theory of learning and social behavior that posits that people learn from one another, via observation, imitation, and modeling.

Active-Avoidance Learning

A process in which an individual learns to avoid a negative outcome by performing a specific behavior.

Sodium Amobarbital

A barbiturate derivative with sedative and hypnotic properties used in a clinical setting, often for purposes such as reducing anxiety or inducing sleep.