A Company Requires $1,020,000 in Sales to Meet Its Net

question 185

Multiple Choice

A company requires $1,020,000 in sales to meet its net income target. Its contribution margin is 30%, and fixed costs are $180,000. What is the target net income?

• A) $306,000
• B) $234,000
• C) $420,000
• D) $126,000

Understand the implications of excise taxes on market equilibrium, including burden sharing and deadweight loss.

Identify the economic rationale behind public policy decisions and their theoretical underpinnings.

Grasp the complexities and outcomes associated with market rationing mechanisms and their alternatives.

Understand the concept of market equilibrium and how taxes affect equilibrium prices and quantities.

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Definitions:

Mechanical Hard Disk Drive

A storage device that uses spinning disks to read and write data magnetically.

Platter

A thin, round, metallic storage plate stacked onto the hard drive spindle.

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The performance tests and ratings of a Central Processing Unit, measuring its efficiency and speed.

Reformat

The process of deleting all data on a storage device and restoring it to its factory settings, often used to correct errors or clean up a system.