Dorian Company Produces and Sells a Single Product

question 184

Multiple Choice

Dorian Company produces and sells a single product. The product sells for $60 per unit and has a contribution margin ratio of 40%. The company's monthly fixed expenses are $28,800.
-If Dorian Company desires a monthly net operating income equal to 10% of sales, monthly sales will have to be:

• A) $90,000
• B) $45,600
• C) $120,000
• D) $96,000

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Definitions:

C. Wright Mills

An American sociologist known for his work on the structure of power in the United States and for introducing the concept of the sociological imagination.

Larger Course

Pertains to a broad or comprehensive scope within an academic program, often encompassing wide-ranging topics or a general overview of a subject.

Sociological Imagination

The ability to see the relationship between individual experiences and the larger society, as coined by C. Wright Mills.

Social Forces

The external social structures, institutions, and cultural norms that influence individuals' behavior, choices, and interactions within society.