Chum Corporation's variable costs are 30% of its sales revenue and the company's break-even point in...

 

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Chum Corporation's variable costs are 30% of its sales revenue and the company's break-even point in sales revenue is $560,000. If Chum reports a net operating loss of $28,000, what are its actual sales revenues? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00). Chum Corporation's variable costs are 30% of its sales revenue and the company's break-even point in sales revenue is $560,000. If Chum reports a net operating loss of $28,000, what are its actual sales revenues? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).

Answer rating: 100% (QA)

The contribution margin ratio of Chum Corporation is 70 ... View the full answer