Organizer Company Has Fixed Costs of $200,000 and Variable Costs

question 83

Multiple Choice

Organizer Company has fixed costs of $200,000 and variable costs are 60% of sales.How much will Organizer Company report as sales when its net income equals $20,000?

• A)$550,000
• B)$366,667
• C)$520,000
• D)$132,000