A Company Requires $1,360,000 in Sales to Meet Its Net

question 82

Multiple Choice

A company requires $1,360,000 in sales to meet its net income target.Its contribution margin is 30%,and fixed costs are $240,000.What is the target operating income?

• A)$408,000
• B)$312,000
• C)$560,000
• D)$168,000

Explain the principle of the law of demand.

Understand the role of individual buyers and sellers in competitive markets.

Differentiate between movements along the demand curve and shifts in the demand curve.

Understand the concept of market demand and how it is determined.

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Definitions:

Negative Thoughts

Instances of pessimistic or discouraging ideas that can impede one's emotional well-being and performance.

Cooperative

Involving mutual assistance in working toward a common goal, characterized by teamwork and collaboration.

Diplomatic

Having or showing an ability to deal with people in a sensitive and effective way.

Objective

An unbiased, unemotional statement or goal based on facts rather than feelings or opinions.