Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 45 .How much sales are required to earn a target income of $160,000 if total fixed costs are $200,000 and the contribution margin ratio

QUESTION 45

  1. .How much sales are required to earn a target income of $160,000 if total fixed costs are $200,000 and the contribution margin ratio is 40%?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Financial and Managerial Accounting

Authors: John J Wild, Ken W. Shaw

8th edition

1260247856, 978-1260247855

More Books

Students also viewed these Accounting questions

Question

!~~~~~12 What criteria are used to recognise revenue?

Answered: 1 week ago

Question

1. Administrative routines, such as taking attendance

Answered: 1 week ago

Question

2. Find five metaphors for communication.

Answered: 1 week ago