Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Experience the ease of finding accurate answers to your questions from a knowledgeable community of professionals. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Hassick Corporation produces and sells a single product whose contribution margin ratio is 63%. The company's monthly fixed expense is $460,530 and the company's monthly target profit is $19,000. The dollar sales to attain that target profit is closest to:

Sagot :

Answer:

the dollar sales to attain that target profit is $761,159

Explanation:

The computation of the dollar sales is shown below:

= (Fixed cost + target profit) ÷ (Contribution margin ratio)

= ($460,530 + $19,000) ÷ (0.63)

= $761,159

hence, the dollar sales to attain that target profit is $761,159

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.