Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Raven Company has a target of earning $71,300 pre-tax income. The contribution margin ratio is 32%. What amount of dollar sales must be achieved to

Raven Company has a target of earning $71,300 pre-tax income. The contribution margin ratio is 32%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $38,600?

$289,375.

$410,000.

$222,813.

.$343,438.

$38,600.

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_2

Step: 3

blur-text-image_3

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

Computer Aided Fraud Prevention And Detection A Step By Step Guide

Authors: David Coderre

1st Edition

0470392436, 978-0470392430

More Books

Students also viewed these Accounting questions