Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nagam owns three shops: A, B, and C. During November, shop A had a contribution margin of $25,000 and a contribution margin ratio of 30%.

Nagam owns three shops: A, B, and C. During November, shop A had a contribution margin of $25,000 and a contribution margin ratio of 30%. Shop B had variable expenses of $40,000 and a contribution margin ratio of 350%. Shop C had variable expenses of $80,000 and a variable expense ratio of 60% of sales. Calculate the total sales in dollar value.

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