Valdez Corporation Has Provided the Following Contribution Format Income Statement

question 6

Multiple Choice

Valdez Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. The number of units that must be sold to achieve a target profit of $24,000 is closest to:

• A) 30,000 units
• B) 7,800 units
• C) 13,800 units
• D) 24,000 units

---

Definitions:

Three Fs

The term "Three Fs" refers to Friends, Family, and Fools, often mentioned as the initial source of funding for start-ups and small businesses.

Orphan

A child who has lost both parents through death or, in some definitions, a child who has lost one parent.

Account Penetration

The process of deepening relationships with existing customers by selling more products or services.

Transactional Relationship

A business relationship focused primarily on the exchange of goods or services for payment, with little personal connection.