Sammy's Sales for 2020 were $46 000. He was hoping to have Sales of $45 000 for the year. Did Sammy achieve the benchmark for Sales?

Question

BlackTom AI · Accepted Answer

Let’s break down Sammy’s performance relative to the benchmark and evaluate each answer option.
Option a: 'No' — This would imply Sammy did not meet or exceed the $45,000 benchmark. Since his actual sales were $46,000, which is higher than the benchmark, this statement is incorrect because it underestimates or denies the achieved outcome.
Option b: 'Sales were exactly the same as the benchmark.' — This would require Sales to equal $45,000 exactly. The given figure is $46,000, which is not equal to $45,000, so this option is factually false.
Option c: 'He came close to achieving the benchmark.' — Coming close would typically mean being very near $45,000 but not surpassing it, perhaps just under or around the target. However, $46,000 is a full $1,000 above the benchmark, not merely close or approximate; thus this statement mischaracterizes the result as a near-miss rather than a success.
Option d: 'Yes' — This option asserts that Sammy achieved the benchmark. Since $46,000 exceeds the $45,000 target, the benchmark was surpassed, aligning with a successful outcome.
In summary, each incorrect option either contradicts the actual figure, misstates the relationship to the target, or describes the outcome as closer than it was, while the correct interpretation of the data is that the benchmark was met and surpassed. The key concept here is comparing actual performance to a predefined benchmark and recognizing when exceeding that benchmark constitutes achievement.

MUF0022 Accounting Unit 2 - Semester 2, 2025 Quiz: Trends, Variances & Benchmarks

Sammy's Sales for 2020 were $46 000. He was hoping to have Sales of $45 000 for the year. Did Sammy achieve the benchmark for Sales?

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Sammy's Sales for 2020 were $46 000. He was hoping to have Sales of $45 000 for the year. Did Sammy achieve the benchmark for Sales?

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