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How did we get that number? What formulas are used? 12) If the contribution-margin ratio is .30, targeted net income is $64,000, and targeted sales

How did we get that number? What formulas are used? image text in transcribed
12) If the contribution-margin ratio is .30, targeted net income is $64,000, and targeted sales volume in dollars is $400,000, then total fixed costs are A) $36,800. B) $19,200. C)$56,000 D) $120,000

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