Calculate the sales revenue Consider the following information available for BariumCompany:Total fixed costs$1,440,000Contribution margin ratio 0.30Based on the given information, calculate the sales revenueneeded to achieve a target profit of $360,000.a. $6,250,000b. $6,000,000c. $5,000,000d. $5,750,000

Step 1: Definition of Target Profit and Sales RevenueTarget profit is the expected profit a business…

Answered: Consider the following information…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 17E

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Consider the following information available for Barium Company: Total fixed costs $1,440,000 Contribution margin ratio 0.30 Based on the given information, calculate the sales revenue needed to achieve a target profit of $360,000. a.$6,250,000 b.$5,750,000 c.$5,000,000 d.$6,000,000
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Total Sales are 500,000 OMR, Total Variable cost is 150000 OMR. Fixed cost is 200000 OMR Calculate Total profit Select one: O a. 265000 OMR O b. 180000 OMR O c. 150000 OMR O d. 500000 OMR
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In the cost-volume- profit graph (above), what is represented by the point marked "B"? Question 2 options: Breakeven point Fixed expenses Operating income area Operating loss area
How much sales are required to earn a target net income of OMR 200,000 if total fixed costs are OMR 250,000 and the contribution margin ratio is 40%? Select one: a. OMR 1,125,000 b. OMR 500,000 c. None of the answers are correct O d. OMR 1,012,500 O e. OMR 625,000
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Compute the missing amounts for the following table: Compute the missing amounts. ( Enter the contribution margin ratio to the nearest percent, X%)
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Consider the following information available for Barium Company: Total fixed costs $1,440,000 Contribution margin ratio 0.30 Based on the given information, calculate the sales revenue needed to achieve a target profit of $360,000. a. $6,250,000 b. $6,000,000 c. $5,000,000 d. $5,750,000