Can you help with CVP Drill# 19? CVP Drill #19product theyFor Clifford Company, sales are $2,000,000 for the onesell. Fixed expenses are $700,000 and the contribution margin ratio is40%. What are required sales in dollars to earn a target net income of$400,000?

TARGET SALES Target Sales is the Sales Required for an Organisation to Achieve their Desired Profit.…

Answered: CVP Drill #19 they sell. Fixed expenses…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 7MC: Company A wants to earn $5,000 profit in the month of January. If their fixed costs are $10,000 and...

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Subject : - Accounting
A company requires $1,700,000 in sales to meet its operating income target. Its contribution margin is 30%, and fixed costs are $300,000. What is the target operating income? Select one: a. $210,000 b. $390,000 c. $110,000 d. $890,000 e. $700,000
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CVP Drill #19 they sell. Fixed expenses are $700,000 and the contribution margin ratio is 40%. What are required sales in dollars to earn a target net income o of $400,000?