Multiple Choice
Raven Company has a target of $70,000 pre-tax income.The contribution margin ratio is 30%.What amount of dollar sales must be achieved to reach the goal if fixed costs are $36,000?
A) $23,333.
B) $36,000.
C) $300,000.
D) $353,333.
E) $420,000.
Correct Answer:
Verified
Correct Answer:
Verified
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