Answer the Following Question(s)using the Information Below

question 51

Multiple Choice

Answer the following question(s) using the information below.
Kaiser's Kraft Korner sells a single product.7,000 units were sold resulting in $70,000 of sales revenue,$28,000 of variable costs,and $12,000 of fixed costs.
-Following is the Becker Company Ltd.partial income statement for the most recent year:

What would the Becker Company sales have to be in order for the company to have an operating income of $500,000?

• A)$1,796,667
• B)$2,001,988
• C)$1,372,000
• D)$1,411,000
• E)$1,567,824

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Definitions:

Bankruptcy Estate

The collective pool of assets comprising the legal debtor's property that is available to be used for the payment of debts in a bankruptcy proceeding.

Composition

The arrangement or structuring of elements within a work of art or document, or an agreement to settle debts by paying a reduced amount to creditors.

Debtor's Creditors

Individuals or entities to whom a debtor owes money or has a financial obligation.

Settlement

An agreement reached between parties in a dispute, where they resolve their differences without going to court.