Answer the Following Questions Using the Information Below

question 146

Multiple Choice

Answer the following questions using the information below:
Nancy's Niche sells a single product. 8,000 units were sold resulting in $80,000 of sales revenue, $20,000 of variable costs, and $10,000 of fixed costs.
-To achieve $100,000 in operating income, sales must total:

• A)$440,000
• B)$160,000
• C)$130,000
• D)None of these answers are correct.

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Definitions:

Interquartile Range

A measure of variability based on dividing a data set into quartiles; it represents the range between the first and third quartile, excluding outliers.

Uninsured Retirees

Individuals who have retired and do not have insurance coverage, potentially facing risks related to healthcare costs.

Coefficient of Correlation

A numerical indicator that determines the intensity and orientation of a linear connection between two factors.

Linear Relationship

A relationship between two variables where a change in one variable is associated with a proportional change in the other variable.