The Following Information Is for Center Corporation If Management Has a Targeted Net Income of $59,400 (Ignore

question 21

Multiple Choice

The following information is for Center Corporation: $$\begin{array} { l l } \text { Total fixed costs } & \$ 313,500 \\\text { Variable costs per unit } & \$ 99 \\\text { Selling price p er unit } & \$ 154\end{array}$$ If management has a targeted net income of $59,400 (ignore income taxes) , then sales revenue should be:

• A) $1,044,120
• B) $239,721
• C) $580,067
• D) $671,220

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash, that can be used to fund business operations or investments.

Unit Of Measurement

A definite magnitude of a quantity, defined and adopted by convention or by law, used as a standard for measurement of the same kind of quantity.

Economic Data

Information concerning the economy of a region or country, including information about production, consumption, employment, inflation, and GDP.

Total Assets

The sum of all resources owned by a company, valued at purchase price, including both current and long-term assets.