If target sales in units is 80,000, total fixed expenses are $10,000, and the unit contribution margin is $0.30, what is the target operating income?
A) $34,000
B) $14,000
C) $24,000
D) $3,000
B
Explanation: B)
Target Sales units 80,000
× unit Contribution Margin × .30
Target Sales 24,000
Less Fixed expense 10,000
Target Operating Income $14,000
You might also like to view...
An owner listed a rental property with a broker and indicated the counter top microwave oven would be included. However, the current tenant had purchased the oven and had not agreed to sell it. Would the microwave oven belong to the new buyer at closing?
A. Yes, it is a fixture. B. Yes, the seller listed it with the house. C. No. the oven is the real property of the tenant. D. No, the seller did not own the oven.
The Sarbanes-Oxley Act of 2002 strengthens accounting disclosure requirements and ethical guidelines for financial officers
Indicate whether the statement is true or false.