Question: Please explain the solution to this general accounting problem using the correct accounting principles. The contribution margin ratio for a certain manufacturer is 25%, and

Please explain the solution to this general accounting problem using the correct accounting principles.

The contribution margin ratio for a certain manufacturer is 25%, and the fixed costs are $200,000. Management wants to achieve a target net income of $50,000 for the year. Using cost-volume-profit analysis, what amount of total sales is needed to meet the net income goal

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