Question
The break-even point in sales for Rice Company is $400,000, and the company's contribution margin ratio is 20%. If Rice Company desires an operating profit
The break-even point in sales for Rice Company is $400,000, and the company's contribution margin ratio is 20%. If Rice Company desires an operating profit of $100,000, what would total sales have to be?
Multiple Choice
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$800,000
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$500,000
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$600,000
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$900,000
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Investments Analysis And Management
Authors: Charles P. Jones, Gerald R. Jensen
14th Edition
1119578078, 978-1119578079
