FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Munoz Inc. has a contribution margin ratio of 42% and fixed costs of $122.220. What sales revenue is needed to generate a $84.420 profit? Multiple

image text in transcribed
Munoz Inc. has a contribution margin ratio of 42% and fixed costs of $122.220. What sales revenue is needed to generate a $84.420 profit? Multiple Choice $61.000 $280,000 O $492.000 $356.276

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

132. The article Computer Assisted Net Weight Control (Qual. Prog., 1983: 2225) suggests a normal distribution with mean 137.2 oz and standard deviation 1.6 oz, for the actual contents of jars of a...

Answered: 1 week ago

Question

★★★★★
A firm is evaluating the acquisition of an asset that costs $64,000 and requires $4,000 in installation costs. If the firm depreciates the asset under MACRS, using a 5-year recovery period, determine...

Answered: 1 week ago

Question

★★★★★
Background: BoJack is visiting Atlantis once again. But now, the Atlantians (those wierdos living in Atlantis) have made it so that he can't leave to go back to Hollywood unless he jumps through the...

Answered: 1 week ago

Question

★★★★★
Summarize the differences between an airport operating budget and a capital budget, give specific examples of each. Identify the /airport/government/airline/community/environmental professionals that...

Answered: 1 week ago

Question

★★★★★
5. Consider the language, L, using the alphabet A = {a, , y} defined by: a word w is in L if and only if the number of a's times the number of 's equals the number of y's. So yaay is in L but ayayy...

Answered: 1 week ago

Question

★★★★★
Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$20 par value, 100,000 shares authorized, 50,000 shares issued and...

Answered: 1 week ago

Question

★★★★★
Assessment Instructions 1. Answer the following four questions: i. What are your career goals? ii. What are you really good at professionally? iii. What are you not good at or not interested in doing...

Answered: 1 week ago

Question

★★★★★
How does your personality align with your organisation's culture? If you are not part of a specific organisation, reflect on the outcomes of the personality and spend some time reflecting on your...

Answered: 1 week ago

Question

★★★★★
Go tohttps://paulhammant.com/2016/09/26/visualizing-the-theory-of-constraints/ Find TOC for a manufacturing production line - Click "Click to Play" 1 What is the constraint (which station) and what...

Answered: 1 week ago

Previous Question Next Question