How Much Sales Are Required to Earn a Target Net

question 98

Multiple Choice

How much sales are required to earn a target net income of $128,000 if total fixed costs are $160,000 and the contribution margin ratio is 40%?

• A) $400,000
• B) $648,000
• C) $720,000
• D) $320,000

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Definitions:

Conservation Group

An organization that aims to preserve, protect, and restore the environment and wildlife.

Mass Extinction

A significant and rapid decrease in the diversity and abundance of life on Earth, often due to catastrophic events.

Natural Process

A sequence of events or phenomena that occurs in the natural world without human intervention.

Extinctions

The permanent and irreversible loss of species from Earth, often due to environmental changes, natural disasters, or human activities.