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Keller Corporation manufactures a specialized respiratory device. The company has total fixed costs of $440,000 and a contribution margin ratio of 45%. If the company
Keller Corporation manufactures a specialized respiratory device. The company has total fixed costs of $440,000 and a contribution margin ratio of 45%. If the company has a target net income of $130,000, how much in sales revenue must the company generate? (Round to the nearest whole dollar, e.g., $123.)
$1,266,667 | ||
$977,778 | ||
$570,000 | ||
$1,036,364 |
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