Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $185,300, how many dollars of revenue must the company generate in order to reach the break-even point? Round to two decimal places. Your Answer:
Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $185,300, how many dollars of revenue must the company generate in order to reach the break-even point? Round to two decimal places. Your Answer:
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $185,300, how many dollars
of revenue must the company generate in order to reach the break-even point?
Round to two decimal places.
Your Answer:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5520c994-f1d7-46d0-9903-d9e5662d4606%2Faaef1501-5e5f-47ef-b660-1d5173b1c2ac%2F3ytk4fj_processed.png&w=3840&q=75)
Transcribed Image Text:Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $185,300, how many dollars
of revenue must the company generate in order to reach the break-even point?
Round to two decimal places.
Your Answer:
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