Question
Lake Sales had $1,900,000 in sales last month. The contribution margin ratio was 40% and operating profits were $160,000. What sales volume does Lake's need
Lake Sales had $1,900,000 in sales last month. The contribution margin ratio was 40% and operating profits were $160,000. What sales volume does Lake's need to yield a $300,000 operating profit?
- $400,000.
- $1,740,000.
- $2,250,000.
- $2,200,000.
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
133081605, 132575957, 9780133081602, 978-0132575959
