The Following Information Is for High Corp

question 95

Multiple Choice

The following information is for High Corp:

The number of units that High Corp must sell to reach targeted operating income of $25,000 is ________.(Round up to the nearest unit. )

• A)6,750 units
• B)8,000 units
• C)1,250 units
• D)2,667 units

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Definitions:

Joint Return

A tax return filed by married couples who choose to combine their taxable income into one return, potentially leading to tax benefits.

OASDI

The Old-Age, Survivors, and Disability Insurance program, part of Social Security in the United States, funded through payroll taxes.

Hospital Insurance

A type of health insurance coverage that pays for hospitalization expenses, surgeries, and other medical procedures.

OASDI

Old-Age, Survivors, and Disability Insurance; the official name for Social Security in the United States.