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Pachacha [2.7K]
3 years ago
9

Raven Company has a target of $70,000 pre-tax income. The contribution margin ratio is 30%. What amount of dollar sales must be

achieved to reach the goal if fixed costs are $36,000? Multiple Choice $23,333. $36,000. $300,000. $353,333. $420,000.
Business
1 answer:
galina1969 [7]3 years ago
8 0

Answer:

$353,333

Explanation:

Given that,

Target pre-tax income = $70,000

Contribution margin ratio = 30%

Fixed cost = $36,000

Contribution required:

= Fixed cost + Earning required

= $36,000 + $70,000

= $106,000

Contribution margin ratio = Contribution margin ÷ Sales

0.3 = $106,000 ÷ Sales

Sales = $106,000 ÷ 0.3

         = $353,333.3 or $353,333

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oksian1 [2.3K]

Answer:

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Further with this as the buyers needs to pay more, even in the country the imported goods turns expensive as dollars decrease their value.

Accordingly, it is the american business man who gets benefited with weaker dollar, and the american consumer has to pay more for this.

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