Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Financial Accounting Question please solve

Raven Company has a target of earning $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.
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Transcribed Image Text:Raven Company has a target of earning $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.
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