Abc company produces and sells a single product during 2020


Question: ABC Company produces and sells a single product. During 2020, ABC Company reported break-even sales dollars of $400,000, a contribution margin ratio of 40%, and a net income of $150,000. Calculate the dollar amount of sales revenue generated by ABC Company during 2020. Do not use decimals in your answer.

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Accounting Basics: Abc company produces and sells a single product during 2020
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