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Riverfront Restaurant has fixed costs of $60,000 and variable costs that represent 65% of sales. What total sales amount is needed to achieve a net income of $90,000? A) $350,000 B) $428,571 C) $375,000 D) $462,500

Riverfront Restaurant has fixed costs of $60,000 and variable costs that represent 65% of sales. What total sales amount is needed to achieve a net income of $90,000? A) $350,000 B) $428,571 C) $375,000 D) $462,500

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 10E: Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22...
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Riverfront Restaurant has fixed costs of $60,000 and variable costs that represent 65% of sales. What total sales amount is needed to achieve a net income of $90,000? A) $350,000 B) $428,571 C) $375,000 D) $462,500
Transcribed Image Text:Riverfront Restaurant has fixed costs of $60,000 and variable costs that represent 65% of sales. What total sales amount is needed to achieve a net income of $90,000? A) $350,000 B) $428,571 C) $375,000 D) $462,500
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