Answer the Following Questions Using the Information Below

question 26

Multiple Choice

Answer the following questions using the information below:
Koscuiszko Chalet,Inc.sells burgers during the major ski season.During the current year 11 000 burgers were sold resulting in $220 000 of sales revenue,$55 000 of variable costs,and $24 000 of fixed costs.
-The number of burgers that must be sold to achieve $75 000 of operating profit is:

• A)6600 burgers.
• B)7500 burgers.
• C)8400 burgers.
• D)None of these answers are correct.

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Definitions:

Investing Activities

Transactions involving the acquisition or disposal of long-term assets and other investments not considered as cash equivalents.

Expected Income

The amount of money an individual or business anticipates receiving over a specific period, based on projections or past performance.

Future Transactions

Financial activities or dealings that are expected to occur in the future.

Statement of Cash Flows

A financial statement summarizing the total cash received by a company from its operational activities and external funding sources, alongside the total cash expenditures for business operations and investment activities over a specific timeframe.