Lake Sales had $2,300,000 in sales last month. The contribution margin ratio was 40% and operating profits

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Lake Sales had $2,300,000 in sales last month. The contribution margin ratio was 40% and operating profits were $180,000. What sales volume does Lake's need to yield a $370,000 operating profit?

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Construction accounting and financial management

ISBN: 978-0135017111

2nd Edition

Authors: Steven j. Peterson

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Posted Date: Jan 11, 2021 12:30 PM

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Lake Sales had $2,300,000 in sales last month. The contribution margin ratio was 40% and operating profits

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Sales 2300000 Contribution margin2300000 x 40920000 Less ... View the full answer

Construction accounting and financial management

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