Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 7. consider the following information: con

7. Consider the following information: CONTRIBUTION MARGIN...

80.2K

Verified Solution

Question

Accounting

7.

Consider the following information:

CONTRIBUTION MARGIN $70,000

FIXED COSTS $50,000

Suppose the company's CM ratio is 40%, and they want to generate a profit of $100,000. How much sales revenue do they need to generate?

$175,000

$220,000

$275,000

$375,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The radius of the wheel on a bike is 27 inches. If the wheel is revolving...

Basic Math
Q

And please show me the step by step process of how you solved the question. I...

Chemistry
Q

Region Function Protein Dendrite Soma Axon Axon terminal Complete the table above on the regions of the neuron, their primary function(s), and a...

Biology
Q

What is the Atomic/chemical bonding of the following materials: 1- Uranium (alpha phase) 2- Bombyx Mori Silk 3- Calicium...

Mechanical Engineering
Q

An insulated Thermos contains 128 g of water at 81.3 ËšC. You put in a 12.5...

Physics
Q

One mole of an ideal gas is taken through the cyclic process shown in the...

Physics
Q

In YDSE yellow light of wavelength 6000 produced fringes of width 0 8 mm If...

Physics
Q

67 74 Identities Prove the following identities 67 sec 0 1 cos 0 69 tan...

Calculus
Q

Problem 1 Let P be the point 1 3 3 Suppose that the point Po...

Algebra
Q

22 Portsmouth Company makes upholstered fumiture. Its only variable...

Accounting
Q

Communication is the process of Select one: a. listening actively. b. writing messages. c. transferring...

Accounting
Q

What are costs that do not change in total over a wide range of volume?...

Accounting