Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HE-72253 company's break-even sales revenue is $920,000, and its variable expenses are 70% of sales. If the HE-72253 company lost $42,000 last year, its sales

image text in transcribed
HE-72253 company's break-even sales revenue is $920,000, and its variable expenses are 70% of sales. If the HE-72253 company lost $42,000 last year, its sales revenue must have amounted to: (-int Contribution Margin Ratio =1 - Ratio of Variablo Expenses to Sales) Multiple Choice $836.000 $602.000 $878.000 $780,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing Audit Guide What It Is Why Your Business Needs One And How To Do It

Authors: Susan G Tyson

1st Edition

B0C12D3DD6, 979-8388994868

More Books

Students also viewed these Accounting questions