Question
The contribution margin ratio of Thronson Corporation's only product is 61%. The company's monthly fixed expense is $456,300 and the company's monthly target profit is
The contribution margin ratio of Thronson Corporation's only product is 61%. The company's monthly fixed expense is $456,300 and the company's monthly target profit is $42,300.
| Required: |
| Determine the dollar sales to attain the company's target profit. (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.) |
| Sales | $ |
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Auditing A Practical Approach With Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
2nd Edition
1119786045, 978-1119785996
