A company has total fixed costs of $240,000 and a contribution margin ratio of 20%. The...

A company has total fixed costs of $240,000 and a contribution margin ratio of 20%. The total sales necessary to break even are ____________

(Round your answer to a whole number if needed. Just put the number in the blank. No $ sign.)

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Expert Solution

Breakeven=Fixed expenses/Contribution margin ratio

=240,000/0.2

which is equal to

=1200000

jeff jeffy answered 1 year ago

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