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:

Achievement Motivation

A psychological concept involving an individual’s desire to meet standards of excellence and accomplish set goals.

Driving Habits

Patterns and behaviors demonstrated by individuals while operating motor vehicles, which can include aspects such as speed, adherence to traffic laws, and reactions to external stimuli.

Dispositional Optimism

A psychological attribute characterized by the general expectation that good things will happen in the future.

Academic Success

Academic success is achieving desired outcomes and goals in educational settings, often measured by grades, completion of degrees, or other academic achievements.