Question
ABC Company sells canoes for $800 each and has a contribution margin of 62.5 %. The company's fixed costs are $195,000 per year . The
ABC Company sells canoes for $800 each and has a contribution margin of 62.5 %. The company's fixed costs are $195,000 per year . The company is targeting an annual profit of \$100,000 . What is the amount of sales dollars needed to achieve this target profit level ? a. 472000 b. 312000 c. 786667 d. 160000
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
19th edition
978-0077804770, 78025613, 77804775, 978-0078025617
