The Following Is Addison Corporation's Contribution Format Income Statement for Last

question 53

Multiple Choice

The following is Addison Corporation's contribution format income statement for last month:

$\begin{array} { | l | r | } \hline \text { Sales } & \$ 1,000,000 \\\hline \text { Less: variable expenses } & \underline { 700,000 } \\\hline \text { Contribution margin } & 300,000 \\\hline \text { Less: fixed expenses } & \underline { 180,000 } \\\hline \text { Operating income } & \$ 120,000 \\\hline\end{array}$ The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.

-How many units would the company have to sell to attain target operating profits of $150,000?

• A) 22,000 units.
• B) 37,500 units.
• C) 25,000 units.
• D) 26,667 units.

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Definitions:

Optimal Risky Portfolio

A portfolio that offers the highest expected return for a given level of risk or the lowest risk for a given level of expected return, according to modern portfolio theory.

Risk Free Rate

The theoretical return on an investment with zero risk, often represented by government bonds or treasury bills of a stable country.

Standard Deviation

A statistical measurement that sheds light on the dispersion or spread of a set of numbers or data points around the mean value.

Diversifiable Risk

A type of investment risk that can be reduced or eliminated through portfolio diversification, as opposed to systemic risk which affects all investments.