A Company Requires $1700000 in Sales to Meet Its Net

question 79

Multiple Choice

A company requires $1700000 in sales to meet its net income target. Its contribution margin is 30% and fixed costs are $300000. What is the target net income?

• A) $510000
• B) $390000
• C) $700000
• D) $210000

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Definitions:

Visual-spatial Ability

The capacity to understand, reason, and remember the spatial relations among objects or space.

Verbal Ability

The capacity to use and understand language effectively, encompassing both spoken and written forms.

Rough-and-tumble Play

A form of play that involves physical activities such as running, jumping, and wrestling, but is not intended to be harmful.

Gender Differences

The disparities in characteristics, behaviors, or attitudes observed between males and females, often shaped by both biological and social factors.