Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Louise Corp has a contribution margin ratio of 35%, fixed costs of $60,000, and a profit of $45,000. What are total sales? $171,429 $300,000 $36,750
Louise Corp has a contribution margin ratio of 35%, fixed costs of $60,000, and a profit of $45,000. What are total sales?
| $171,429 | |
| $300,000 | |
| $36,750 | |
| $105,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fraud In Accounts Payable How To Prevent It
Authors: Mary S. Schaeffer
1st Edition
0470260459, 978-0470260456
