Answer the following questions using the information below:
Nancy's Niche sells a single product. 8,000 units were sold resulting in $80,000 of sales revenue, $20,000 of variable costs, and $10,000 of fixed costs.
-To achieve $100,000 in operating income, sales must total:
A) $440,000
B) $160,000
C) $130,000
D) None of these answers are correct.
Correct Answer:
Verified
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Q186: Gross margin is _.
A) sales revenue less
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A) only variable
Q198: In the manufacturing sector, _.
A) only variable
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