Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

if a company had a contribution margin of 1,000,000$ and a contribution margin ratio of 20%.the total sales necessary to break even are a.1,500,000$ b.600,000$

if a company had a contribution margin of 1,000,000$ and a contribution margin ratio of 20%.the total sales necessary to break even are

a.1,500,000$

b.600,000$

c.2,500,000$

d.400,000$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting For Business

Authors: Peter Scott

3rd Edition

0198807791, 978-0198807797

Students also viewed these Accounting questions

Question

What are the factors affecting organisation structure?

Answered: 1 week ago

Question

What are the features of Management?

Answered: 1 week ago

Question

Briefly explain the advantages of 'Management by Objectives'

Answered: 1 week ago