Question
Last year, Flynn Company reported a profit of $58,000 when sales totaled $508,000 and the contribution margin ratio was 50%. If fixed expenses increase by
Last year, Flynn Company reported a profit of $58,000 when sales totaled $508,000 and the contribution margin ratio was 50%. If fixed expenses increase by $8,800 next year, what amount of sales will be necessary in order for the company to earn a profit of $68,000?
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