Question
If the contribution ratio is 60%, fixed costs are $10,000, target operating profit is $2,000, and variable costs are $5,000, calculate the target revenue
If the contribution ratio is 60%, fixed costs are $10,000, target operating profit is $2,000, and variable costs are $5,000, calculate the target revenue needed. age Select one: O a. $30,000 b. $20,000 O c. $18,000 O d. $16,000 Address pe here to search Next page 10 C Activate Go to Settin 29CA
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
