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The records of Gemini Company show a contribution margin ratio of 25%. The company desires to earn a profit of $50,000 and has fixed costs
The records of Gemini Company show a contribution margin ratio of 25%. The company desires to earn a profit of $50,000 and has fixed costs of $100,000. What sales revenue would have to be generated in order to earn the desired profit?
Multiple Choice
- $200,000
- $155,000
- $600,000
- $400,000
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College Accounting Chapters 1- 9
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794783, 978-1337794787
