Following is the Becker Company Ltd. partial income statement for the most recent year: Becker Company Ltd.
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Question:
Following is the Becker Company Ltd. partial income statement for the most recent year: | |||
Becker Company Ltd. | |||
Partial Income Statement | |||
Most Recent Year | |||
Sales | $1,190,000 | ||
Cost of goods sold | 476,000 | ||
Gross margin | $714,000 | ||
Less operating expenses: | |||
Fixed | $39,000 | ||
Variable | 357,000 | 396,000 | |
Operating income | $318,000 |
Assuming CoGS are all variable.
What would the Becker Company sales have to be in order for the company to have an operating income of $500,000?
Select one:
a. $2,001,988
b. $1,411,000
c. $1,372,000
d. $1,796,667
e. $1,567,824
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