Answer the Following Questions Using the Information Below:
Assume the Following

question 168

Multiple Choice

Answer the following questions using the information below:
Assume the following cost information for Fernandez Company:
$\begin{array}{lr}\text { Selling price } & \$ 120 \text { per unit } \\\text { Variable costs } & \$ 80 \text { per urit } \\\text { Total fixed costs } & \$ 80,000 \\\text { Taxrate } & 40 \%\end{array}$
-What minimum volume of sales dollars is required to earn an after-tax net income of $30,000?

• A) $465,000
• B) $330,000
• C) $390,000
• D) $165,000

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Definitions:

Propaganda Points

Information, often of a biased or misleading nature, used to promote or publicize a particular political cause or point of view.

Cuban Revolution

A significant political movement that led to the overthrow of Cuban dictator Fulgencio Batista in 1959 and the establishment of a socialist state led by Fidel Castro.

Noncommunist Government

A governmental system which does not adhere to the principles of communism, characterized by private or mixed ownership of means of production, and typically operates under democratic or authoritarian regimes.

Spread of Communism

The propagation or expansion of communist ideology and political systems around the world, particularly during the 20th century.