The contribution margin ratio is 20% for Grain Company and the break-even point in sales...
60.1K
Verified Solution
Link Copied!
Question
Accounting
The contribution margin ratio is 20% for Grain Company and the break-even point in sales is $254,500. To obtain a target net operating income of $69,000, sales would have to be: (Do not round intermediate calculations.)
a. $287,300
b. $333,000
c. $323,500
d. $599,500
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!
