Answer the Following Questions Using the Information Below:
the Following

question 118

Multiple Choice

Answer the following questions using the information below:
The following information is for High Corp:
$\begin{array}{lr}\text { Selling price } & \$ 60 \text { per unit } \\\text { Variable costs } & \$ 40 \text { per unit } \\\text { Total fixed costs } & \$ 125,000\end{array}$
-If targeted operating income is $50,000,then targeted sales revenue is ________.

• A) $525,052
• B) $533,333
• C) $498,133
• D) $517,072

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Definitions:

Detriment

A state of being harmed or damaged, often used in legal contexts to describe loss or injury.

Adequacy of Consideration

Refers to a legal assessment of whether the consideration (value) given in exchange for a promise or for performance in a contract is fair and reasonable.

Unilateral Contract

A contract where only one party makes a promise or undertakes a performance without requiring a reciprocal agreement from the other party.

Consideration

In contract law, consideration refers to something of value exchanged between parties, forming the basis for a contract.