The Following Information Is Available for Kismer Corporation If Management Has a Targeted Net Income of $59,400,then Sales

question 76

Multiple Choice

The following information is available for Kismer Corporation:
$\begin{array}{ll}\text { Total fixed costs }&\$313,500\\\text { Variable costs per unit } & \$ 90 \\\text { Selling price per unit } & \$ 150\end{array}$
If management has a targeted net income of $59,400,then sales revenue should be ________.

• A) $239,721
• B) $580,067
• C) $671,220
• D) $932,250

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Definitions:

Monthly Advertising Budget

The allocated amount of spending for advertising activities planned for a month.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit but before interest and taxes.

Sales Volume

The total number of units of a product or service sold during a specific period.

Variable Expenses

Expenses that vary depending on the amount of products made or the volume of sales transactions.