A company has a goal of earning $128,000 in pre-tax income. The contribution margin ratio is 30%. What dollar amount of sales must be achieved to reach the goal if fixed costs are $64,000?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q185: What is the high-low method? Briefly describe
Q186: A product is sold for $45 and
Q187: Johnston Co. anticipates total fixed costs of
Q188: Portal Manufacturing has total fixed costs of
Q189: The following data relate to a
Q191: What is operating leverage? How can the
Q192: Define the break-even point of a company.
Q193: Describe and compare the three cost estimation
Q194: A firm produces and sells a product
Q195: Crookshank Manufacturing has total fixed costs of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents