For Wickham Co

question 110

Multiple Choice

For Wickham Co., sales is $3,000,000, fixed expenses are $900,000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $600,000?

• A) $1,666,667
• B) $2,500,000
• C) $4,166,667
• D) $8,333,333

---

Definitions:

Contract

A voluntary exchange of promises creating obligations that, if defaulted on, can be enforced and remedied in the courts.

Special Plan

A customized strategy or program designed to address specific objectives or requirements.

Serial Number

A unique identifier assigned to individual items, typically for tracking, identification, and inventory purposes.

Liability

The state of being legally responsible for something, particularly for debts or legal obligations.