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Nolan Dry Cleaners has determined the following about its cost. Total Variable expenses are 37,500, total fixed expenses are 33,000, and the sales revenue needed
Nolan Dry Cleaners has determined the following about its cost. Total Variable expenses are 37,500, total fixed expenses are 33,000, and the sales revenue needed to break even is 44,000. Determine the companys current 1) sales revenue and 2) operating income. (Hint: first the contribution mathin ratio; then prepare the contribution margin income statement.
Use the contribution margin income statement and the shortcut contribution margin approa Begin by computing the contribution margin ratio. (Enter the result as a whole number) The contribution margin ratio is | | % Prepare the contribution margin income statement at the calculated sales level. Nolan Drycleaners Contribution Margin Income Statement Use the contribution margin income statement and the short cut contribution margin approaches to determine Nolans current 1) sales revenue 2) operating income
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