For Wickham Co

question 110

Multiple Choice

For Wickham Co., sales is $3,000,000, fixed expenses are $900,000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $600,000?

• A) $1,666,667
• B) $2,500,000
• C) $4,166,667
• D) $8,333,333

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Definitions:

Listening Process

A series of steps that involve receiving, understanding, evaluating, remembering, and responding to spoken messages.

External Noise

Distractions that originate outside the communicator that can interfere with the transmission of a message, affecting its reception and understanding.

Effective Listening

The active process of attentively receiving, interpreting, and responding to verbal and non-verbal messages.