Zeke Was a Professional Classical Guitar Player Until a Motorcycle

question 5

Multiple Choice

Zeke was a professional classical guitar player until a motorcycle accident left him disabled.After long months of therapy,he hired an experienced luthier and started a small shop to make and sell Spanish guitars.The guitars sell for $800,and the fixed monthly operating costs are as follows: $$\begin{array} { | l | r | } \hline \text { Rent and utilities } & \$ 700 \\\hline \text { Wages and benefits to luthier } & 2300 \\\hline \text { Other expenses } & 479 \\\hline\end{array}$$ Zeke's accountant told him about contribution margin ratios,and Zeke understood clearly that for every dollar of sales,$0.75 went to cover his fixed costs,and anything above that point was profit.
Zeke wishes to earn $5100 of operating profit each month.Calculate the amount of sales revenue required to achieve the target profit.(Round your answer to the nearest dollar.)

• A) $4639
• B) $13,916
• C) $11,439
• D) $34,316

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Military personnel and soldiers of the United States, often engaged in national defense and international peacekeeping missions.

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Investment of money from countries outside the recipient country, typically involved in international trade, investment, and financial markets, which can influence economic development.

Mexican War

Controversial war with Mexico for control of California and New Mexico, 1846–1848; the Treaty of Guadalupe Hidalgo fixed the border at the Rio Grande and extended the United States to the Pacific coast, annexing more than a half-million square miles of Mexican territory.