Last year, Pamela Company reported a profit of $70,000 when sales totaled $520,000 and the contribution margin

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Last year, Pamela Company reported a profit of $70,000 when sales totaled $520,000 and the contribution margin ratio was 35%.

If fixed expenses increase by $20,000 next year, what would sales need to be for the company to make $80,000 in profit?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Jun 27, 2023 08:10 AM

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Last year, Pamela Company reported a profit of $70,000 when sales totaled $520,000 and the contribution margin

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Workings Fixed expenses last year 112000 520000357... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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