Solved

Use the Following Information to Answer the Following Questions

Question 22

Multiple Choice

Use the following information to answer the following Questions
Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $400,000. Current sales total 16,000 units.
-In order to produce a target profit of $22,000, Narchie's dollar sales must total:


A) $8,440.
B) $21,100.
C) $1,000,000.
D) $1,055,000.
E) None of the answers is correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions