After conducting a market research study, Chen Manufacturing decided to produce a new interior door to complement its exterior door line. It is estimated that the new interior door can be sold at a target price of $80. The annual target sales volume for interior doors is 20,000. Chen has a target operating income of 20% of sales. What are target sales revenues?

Question 21Select one:

a.

$1,800,000

b.

$1,600,000

c.

$2,000,000

d.

$1,000,000

e.

$960,000