The Dollar Amount of Sales Needed to Achieve a Target

question 75

True/False

The dollar amount of sales needed to achieve a target after-tax income is computed by dividing the sum of fixed costs plus the desired after-tax income plus income taxes by the contribution margin ratio.

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Definitions:

Multiple-Choice Options

A selection method where a question is followed by several possible answers, and the respondent must choose the best one.

Hierarchy of Goals

An arrangement of objectives in which some are prioritized above others according to their importance or urgency.

Abstract

A brief summary of a research article, thesis, review, or other in-depth analysis of a particular subject or discipline.

Concrete

Relating to actual, tangible objects or phenomena, as opposed to abstract concepts.