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Compute the sales in dollars required to earn the target profit of $100, 500 for Gloomy Inc. using the following information: Unit selling price $63 Unit contribution margin 29 Fixed costs 219, 200 Round your answer to whole number. a. $496, 027 b. $694, 521 c. $615, 137 d. $674,658

Compute the sales in dollars required to earn the target profit of $100, 500 for Gloomy Inc. using the following information: Unit selling price $63 Unit contribution margin 29 Fixed costs 219, 200 Round your answer to whole number. a. $496, 027 b. $694, 521 c. $615, 137 d. $674,658

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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Compute the sales in dollars required to earn the target profit of $100, 500 for Gloomy Inc. using the following information: Unit selling price $63 Unit contribution margin 29 Fixed costs 219, 200 Round your answer to whole number. a. $496, 027 b. $694, 521 c. $615, 137 d. $674,658
Transcribed Image Text:Compute the sales in dollars required to earn the target profit of $100, 500 for Gloomy Inc. using the following information: Unit selling price $63 Unit contribution margin 29 Fixed costs 219, 200 Round your answer to whole number. a. $496, 027 b. $694, 521 c. $615, 137 d. $674,658
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