If Fixed Costs for a Company Are $65 000 and Variable

question 15

Multiple Choice

If fixed costs for a company are $65 000 and variable costs are 20% of sales, what do total sales need to be to achieve a target net profit of $35 000?

• A) $80 000
• B) $100 000
• C) $125 000
• D) $500 000

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Definitions:

Autoethnography

A form of participant observation where the feelings and actions of the researcher become a focal point of the ethnographic study.

Life History

An approach to interviewing that asks for a chronological account of the respondent’s entire life or some portion of it.

Content Analysis

A method in which researchers identify and study specific variables or themes that appear in a text, image, or media message.

Ethnography

A qualitative research method focused on the systematic study of people and cultures from the perspective of the subject, often through participant observation and fieldwork.