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HE-72253 company's break-even sales revenue is $920,000, and its variable expenses are 70% of sales. If the HE-72253 company lost $42,000 last year, its sales revenue must have amounted to: (Hint: Contribution Margin Ratio-1-Ratio of Variable Expenses to Sales) Multiple Choice $836,000 $602,000 $878,000 MAA

HE-72253 company's break-even sales revenue is $920,000, and its variable expenses are 70% of sales. If the HE-72253 company lost $42,000 last year, its sales revenue must have amounted to: (Hint: Contribution Margin Ratio-1-Ratio of Variable Expenses to Sales) Multiple Choice $836,000 $602,000 $878,000 MAA

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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HE-72253 company's break-even sales revenue is $920,000, and its variable expenses are 70% of sales. If the HE-72253 company lost $42,000 last year, its sales revenue must have amounted to: (Hint: Contribution Margin Ratio=1- Ratio of Variable Expenses to Sales) Multiple Choice $836,000 $602,000 $878,000 $780,000
Transcribed Image Text:HE-72253 company's break-even sales revenue is $920,000, and its variable expenses are 70% of sales. If the HE-72253 company lost $42,000 last year, its sales revenue must have amounted to: (Hint: Contribution Margin Ratio=1- Ratio of Variable Expenses to Sales) Multiple Choice $836,000 $602,000 $878,000 $780,000
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