Multiple Choice
For Wickham Co., sales is $2,000,000, fixed expenses are $600,000, and the contribution margin ratio is 36%.What is required sales in dollars to earn a target net income of $400,000?
A) $1,111,111
B) $1,666,666
C) $2,777,778
D) $5,555,556
Correct Answer:
Verified
Correct Answer:
Verified
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