A Company Requires $1,360,000 in Sales to Meet Its Net

question 45

Multiple Choice

A company requires $1,360,000 in sales to meet its net income target.Its contribution margin is 30%, and fixed costs are $240,000.What is the target net income?

• A)$408,000
• B)$312,000
• C)$560,000
• D)$168,000

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Definitions:

Medical Assisting Educational Review Board

An organization that evaluates and accredits medical assisting programs to ensure they meet specific educational standards.

Competency-Based Education

An educational approach that focuses on equipping students with specific skills and competencies, rather than time-based learning.

Commission On Accreditation Of Allied Health Education Programs

An organization responsible for accrediting educational programs in the allied health professions to ensure they meet specific quality standards.

Registered Medical Assistant

A healthcare professional certified to perform administrative and clinical tasks in support of physicians and other health practitioners in a variety of settings.