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1) A company has a target income of $128,000. The contribution margin ratio is 30%. What dollar amount of sales must be achieved to reach
1) A company has a target income of $128,000. The contribution margin ratio is 30%. What dollar amount of sales must be achieved to reach the goal if fixed costs are $64,000? Targeted dollar sales ($64,000 +$128,000)/0.30= $640,000
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