# Target Net Income: Definition & Formula

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

### Which of the following will give you the target net income?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free for 30 days. Cancel anytime

### 2. How much in sales do you need to get to meet a target net income of \$750 if your variable costs are \$250 and your fixed costs are \$100?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started

## About This Quiz & Worksheet

As you work through the worksheet and quiz, you'll get a better idea of how much you know about calculating target net income. Some terms that you will need to define for the quiz include variable cost and contribution margin.

## Quiz & Worksheet Goals

Using these tools helps you test your knowledge of:

• Contribution margin
• Variable costs
• Definition of target net income
• Target net income formula

## Skills Practiced

• Defining key concepts - ensure that you can accurately define main phrases, such as variable cost and contribution margin
• Information recall - access the knowledge you have gained regarding the meaning of target net income
• Knowledge application - use your knowledge to identify the formula used for target net income

## Additional Learning

Further improve your understanding of these economic principles by reviewing the lesson Target Net Income: Definition & Formula. You can use this lesson to cover these additional topics:

• Examples of calculating target net income
• Differences between variable cost and fixed cost
• Purpose of finding the target net income
Final Exam
Chapter Exam

Support