Question
Consider the following information available for Barium Company: Total fixed costs $1,440,000; Contribution margin ratio 0.30 Based on the given information, calculate the sales revenue
Consider the following information available for Barium Company:
Total fixed costs $1,440,000; Contribution margin ratio 0.30
Based on the given information, calculate the sales revenue needed to achieve a target profit of $360,000.
a.$6,250,000
b.$6,000,000
c.$5,000,000
d.$5,750,000
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
