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Use the following to answer questions 3.4: Smart Sally's Stinky Shoe Store is a retailer of ladies shoes. Smart Sally carries numerous types of shoes,

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Use the following to answer questions 3.4: Smart Sally's Stinky Shoe Store is a retailer of ladies shoes. Smart Sally carries numerous types of shoes, but they each have the same approximate price and invoice purchase cost as shown with the financial results below. Sales revenue (20,000 units) $540,000 Total variable costs 480,000 Fixed costs 85,000 3. Break-even in dollars sales is closest to: A) $145,000 B) $765,000 C) $565,000 D) $540,000 4. Dollar sales to obtain a profit of $50,000 is closest to: A) $1,215,000 B) $615,000 C) $765,000 D) $815,000 5. Which of the following formulas is used to calculate the target profit in terms of unit sales? A) Unit Sales = (Target Profit + Fixed expenses) / Unit Contribution rgin B) Unit Sales = (Target Profit + Fixed expenses) / Contribution Margin Ratio C) Unit Sales - (Target Profit - Fixed expenses) / Unit Contribution Margin D) Unit Sales - (Target Profit - Fixed expenses) / Contribution Margin Ratio BE

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