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Global Travel uses the contribution margin income statement internally. Global's first - quarter results follow. ( Click the icon to view the income statement. )
Global Travel uses the contribution margin income statement internally. Global's firstquarter results follow.
Click the icon to view the income statement.
Global's relevant range is between sales of $ and $
Requirements
Prepare contribution margin income statements at sales levels of $ and $Hint: Use the contribution margin ratio.
Compute breakeven sales in dollars.
Requirement Compute breakeven sales in dollars.
Begin by identifying the formula to compute the breakeven sales in dollars.
Compute breakeven sales in dollars. Round your answer up to the nearest dollar.
The breakeven sales in dollars is $
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