The Dollar Amount of Sales Needed to Achieve a Target

question 216

True/False

The dollar amount of sales needed to achieve a target income is computed by dividing the sum of fixed costs plus the target pretax income by the contribution margin ratio.

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Definitions:

Congress

is the legislative branch of the United States government, composed of two houses: the Senate and the House of Representatives, responsible for making federal laws.

Corrupt

Engaged in dishonest or fraudulent conduct by those in power, typically involving bribery or the abuse of entrusted power for personal gain.

Constituents

Residents within a political district or constituency who have the power to elect representatives to legislative or other government offices.

Seniority

The concept of prioritizing individuals for privileges, responsibilities, or positions based on the length of service or tenure in a job or organization.