The amount of revenue required to earn a targeted profit is equal to a. fixed cost divided
Question:
The amount of revenue required to earn a targeted profit is equal to
a. fixed cost divided by contribution margin.
b. fixed cost divided by contribution margin ratio.
c. fixed cost plus targeted profit divided by contribution margin ratio.
d. targeted profit divided by contribution margin ratio.
e. targeted profit divided by variable cost ratio.
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Correct Option is C Reason Revenue to earn a given target profit ...View the full answer
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Marvine mabiya
i am a graduate of kirinyaga university degree of statistics
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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