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A firm has revenue of $14,000,000 and a goal of a 12% return on sales. What does profit need to be to meet the goal? $ Answer 0 Show your work or leave a comment

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 8DQ: Suppose a firm with a contribution margin ratio of 0.3 increased its advertising expenses by 10,000...

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A firm has revenue of $14,000,000 and a goal of a 12% return on sales. What does profit need to be to meet the goal?
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