GreenLeaf Grocers has monthly rent of$5,000, salaries of $12,000, and utilitiesof $3,000. If their desired profit is$20,000 and their contribution marginratio is 40%, what should be their totalsales?

Explanation of Contribution Margin Ratio: Contribution margin ratio is the percentage of each sales…

Answered: GreenLeaf Grocers has monthly rent of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5EB: Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90....

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GreenLeaf Grocers has monthly rent of $5,000, salaries of $12,000, and utilities of $3,000. If their desired profit is $20,000 and their contribution margin ratio is 40%, what should be their total sales?