Question
Rodeo Inc has a contribution margin ratio of 45%. This month, profit was $40,000 and fixed costs were $50,000. How much was sales revenue? a)
Rodeo Inc has a contribution margin ratio of 45%. This month, profit was $40,000 and fixed costs were $50,000. How much was sales revenue?
a) $200.000
b) 90,000
c) 111,111
d) 40,500
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Advanced Accounting
Authors: Debra JeterJames Reeve, Jonathan Duchac, Horace Brock, Paul Chaney
4th Edition
0470506989, 978-0470506981
