Question
Sample Ltd. wishes to earn a profit equal to 40% of sales revenue. Its fixed costs are $45,000 and contribution margin ratio is equal to
Sample Ltd. wishes to earn a profit equal to 40% of sales revenue. Its fixed costs are $45,000 and contribution margin ratio is equal to 60%.
Required: Determine the break-even sales.
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
