What Formula Is Used to Calculate the Sales Dollars Needed

question 151

Multiple Choice

What formula is used to calculate the sales dollars needed to earn a desired profit?

• A)(fixed costs + contribution margin)/(1 − variable cost ratio)
• B)(fixed costs + desired profit)/(1 − variable cost ratio)
• C)(fixed costs + variable costs)/(1 − variable cost ratio)
• D)(fixed costs + desired profit)/(1 − sales ratio)

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Definitions:

Biopiracy

The practice of commercially exploiting naturally occurring genetic material or biochemical, usually by obtaining patents that restrict its future use, while failing to pay fair compensation to the community from which it originates.

Biocolonialism

Occurs when Western companies exploit indigenous areas and express a dominant–submissive relationship.

Environmental Racism

A form of discrimination against minority groups and people from poor countries who are subjected to a disproportionate share of environmental hazards and polluting industries.

Industrialized Nations

Countries characterized by a significant level of industrialization, with advanced technological infrastructure and a higher standard of living.