Question: 7. Consider the following information: CONTRIBUTION MARGIN $70,000 FIXED COSTS $50,000 Suppose the company's CM ratio is 40%, and they want to generate a profit

7.

Consider the following information:

CONTRIBUTION MARGIN $70,000

FIXED COSTS $50,000

Suppose the company's CM ratio is 40%, and they want to generate a profit of $100,000. How much sales revenue do they need to generate?

$175,000

$220,000

$275,000

$375,000

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