Required Sales in Dollars to Meet a Target Net Income

question 131

Multiple Choice

Required sales in dollars to meet a target net income is computed by dividing

• A) fixed costs plus target net income by contribution margin per unit.
• B) variable costs plus target net income by contribution margin per unit.
• C) fixed costs plus target net income by contribution margin ratio.
• D) total costs plus target net income by contribution margin ratio.

Understand the function and necessity of audit opinions and internal control reports for ensuring the accuracy and reliability of financial statements.

Grasp the significance of industry and economic conditions in financial analysis.

Understand the concept and application of common-sized financial statements.

Grasp the principles and calculation methods for horizontal analysis.

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