Question
7. Consider the following information: CONTRIBUTION MARGIN $70,000 FIXED COSTS $50,000 Suppose the company's CM ratio is 40%, and they want to generate a profit
7.
Consider the following information:
CONTRIBUTION MARGIN $70,000
FIXED COSTS $50,000
Suppose the company's CM ratio is 40%, and they want to generate a profit of $100,000. How much sales revenue do they need to generate?
$175,000
$220,000
$275,000
$375,000
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Advanced Financial Accounting
Authors: Clarence Byrd, Ida Chen
4th Edition
013089611X, 978-0130896117
