The Current Annual Budget for Armstrong Ltd

Multiple Choice

The current annual budget for Armstrong Ltd. indicates total revenue of $8,000,000. The total variable costs are $1,600,000 and fixed costs are $5,600,000. Calculate the total sales revenue for the year that would be needed for a profit of $2,750,000.

A) $10,437,500
B) $9,387.500
C) $8,250,000
D) $9,750,000
E) $10,750,000