Question: Can you demonstrate the accurate method for solving this General accounting question? A company has total fixed costs of $180,000 and a contribution margin ratio

Can you demonstrate the accurate method for solving this General accounting question?

Can you demonstrate the accurate method for
A company has total fixed costs of $180,000 and a contribution margin ratio of 40%. How much in sales revenue is necessary for the company to break even

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!