1. A company requires $1,020,000 in sales to meet its net income target. Its contribution margin is 30%, and fixed costs are $180,000. What is the target net income?

Group of answer choices

A.$306,000

B.$126,000

C. $420,000

D. $234,000

2. The equation which reflects a CVP/contribution margin format income statement is

Group of answer choices

A. Sales Variable costs Fixed costs = Net income.

B. Sales Variable costs + Fixed costs = Net income.

C. Sales + Fixed costs = Variable Costs + Net income.

D. Sales = Cost of goods sold + Operating expenses + Net income

3.

The relevant range of activity refers to the

Group of answer choices

A. geographical areas where the company plans to operate.

B. activity level where all costs are curvilinear.

C. levels of activity over which the company expects to operate.

D. level of activity where all costs are constant (remain the same).

4.

Which of the following is NOT a mixed cost?

Group of answer choices

A Car rental fee

B Electricity

C Depreciation

D Telephone expense