Accounting-The records of Kennett Company show a contribution margin ratio

| January 30, 2017

Question
The records of Kennett Company show a contribution margin ratio of 20%. The company desires to earn a profit of $50,000 and has fixed costs of $100,000. What sales revenue would have to be generated in order to earn the desired profit?

The records of Kennett Company show a contribution margin ratio of 20%.
The company desires to earn a profit of $50,000 and has fixed costs of
$100,000. What sales revenue would have to be generated in order to earn
the desired profit?

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