Question
ABC Company sells gas grills for $450 each and has a contribution margin 30%. The company's fixed costs are $117,000 per year. The company is
ABC Company sells gas grills for $450 each and has a contribution margin 30%. The company's fixed costs are $117,000 per year. The company is targeting an annual profit of $60,000. calculate what is the amount of sales dollars needed to achieve this target profit level?
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
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