Multiple Choice
For Wickham Co., sales is $3,000,000, fixed expenses are $900,000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $600,000?
A) $1,666,667
B) $2,500,000
C) $4,166,667
D) $8,333,333
Correct Answer:
Verified
Correct Answer:
Verified
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