Multiple Choice
The records of Gemini Company show a contribution margin ratio of 40%.The company desires to earn a profit of $35,000 and has fixed costs of $70,000.What sales revenue would have to be generated in order to earn the desired profit?
A) $87,500
B) $262,500
C) $175,000
D) $42,000
Correct Answer:
Verified
Correct Answer:
Verified
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