Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kongle, Inc. has fixed costs of $400,000 and a contribution margin ratio of 25%. How much sales revenue must be earned for a profit of

Kongle, Inc. has fixed costs of $400,000 and a contribution margin ratio of 25%. How much sales revenue must be earned for a profit of $80,000? a) 1600000 b) 400000 c) 1920000 d) 80000

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

Students also viewed these Accounting questions

Question

apply critical chain scheduling principlesto the print software

Answered: 1 week ago

Question

What is Working Capital ? Explain its types.

Answered: 1 week ago