How to get there with the given parts, Accounting Basics

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How to get there with the given parts

The contribution margin ratio is 30% for the Honeyville Company and the break-even point in sales is $150,000. If the company's target net operating income is $60,000, sales would have to be:

A. $200,000
B. $350,000
C. $250,000
D. $210,000

Can someone help explain this problem to me, I have the answer ($350,000) but have no idea how to get there with the given parts.

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Accounting Basics: How to get there with the given parts

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Accounting Basics: How to get there with the given parts

Reference No:- TGS0677344

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How much money should be invested for balance of account

Q : What is randolph basis in the distributed investment

Q : Prepare a direct materials purchases budget by month

Q : Describe a situation is which a business sell as much as it

Q : How to get there with the given parts

Q : What practical implications follow from emh-stock investors

Q : Calculating the value of total assets

Q : What portion of the value would be assigned

Q : Management desires to maintain a minimum cash

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How to get there with the given parts

Reference No:- TGS0677344

Recent Questions Asked Accounting Basics

Q : How much money should be invested for balance of account

Q : What is randolph basis in the distributed investment

Q : Prepare a direct materials purchases budget by month

Q : Describe a situation is which a business sell as much as it

Q : How to get there with the given parts

Q : What practical implications follow from emh-stock investors

Q : Calculating the value of total assets

Q : What portion of the value would be assigned

Q : Management desires to maintain a minimum cash

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