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

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

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 36P: Faldo Company produces a single product. The projected income statement for the coming year, based...

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I am searching for the correct answer to this financial accounting problem with proper accounting rules.

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

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