What amount of sales will be necessary in order, Accounting Basics

What amount of sales will be necessary in order

Last year, Flynn Company reported a profit of $66,000 when sales totaled $516,000 and the contribution margin ratio was 40%. If fixed expenses increase by $9,600 next year, what amount of sales will be necessary in order for the company to earn a profit of $76,000?

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Accounting Basics: What amount of sales will be necessary in order

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Accounting Basics: What amount of sales will be necessary in order

Reference No:- TGS0674611

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What amounts would be reported in the income statement

Q : Calculated using the simple costing system

Q : Declared a cash dividend per share

Q : The next quarter production needs for material

Q : What amount of sales will be necessary in order

Q : What should be the overall effect on the company

Q : The company net operating income

Q : Stetson expected to use the patent

Q : How much net income would yu report

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount of sales will be necessary in order

Reference No:- TGS0674611

Recent Questions Asked Accounting Basics

Q : What amounts would be reported in the income statement

Q : Calculated using the simple costing system

Q : Declared a cash dividend per share

Q : The next quarter production needs for material

Q : What amount of sales will be necessary in order

Q : What should be the overall effect on the company

Q : The company net operating income

Q : Stetson expected to use the patent

Q : How much net income would yu report

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