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1:27 The contribution margin ratio of a company's only product is 75%. The company's monthly fixed expense is $456,000 and the company's monthly target profit is $42,000. Required: Determine the dollar sales to attain the company's target profit. (Round your answer to the nearest whole dollar amount.) Sales

1:27 The contribution margin ratio of a company's only product is 75%. The company's monthly fixed expense is $456,000 and the company's monthly target profit is $42,000. Required: Determine the dollar sales to attain the company's target profit. (Round your answer to the nearest whole dollar amount.) Sales

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1:27 The contribution margin ratio of a company's only product is 75%. The company's monthly fixed expense is $456,000 and the company's monthly target profit is $42,000. Required: Determine the dollar sales to attain the company's target profit. (Round your answer to the nearest whole dollar amount.) Sales
Transcribed Image Text:1:27 The contribution margin ratio of a company's only product is 75%. The company's monthly fixed expense is $456,000 and the company's monthly target profit is $42,000. Required: Determine the dollar sales to attain the company's target profit. (Round your answer to the nearest whole dollar amount.) Sales
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