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STU Enterprises has the following projected figures for the next year: Projected Sales: 600,000 Variable Costs: 60% of Sales Fixed Costs: 150,000 Requirements: Calculate the
STU Enterprises has the following projected figures for the next year:
- Projected Sales: £600,000
- Variable Costs: 60% of Sales
- Fixed Costs: £150,000
Requirements:
- Calculate the contribution margin ratio.
- Determine the break-even sales revenue.
- If the company desires a target profit of £50,000, calculate the required sales revenue.
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
