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The records of Gemini Company show a contribution margin ratio of 60%. The company desires
to earn a profit of $80,000 and has fixed costs of $400,000. What sales revenue would have to be
generated in order to earn the desired profit? Multiple Choice
$300,000$666,667$800,000$750,000$450,000

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The records of Gemini Company show a contribution margin ratio of 60.pdf

  • 1. The records of Gemini Company show a contribution margin ratio of 60%. The company desires to earn a profit of $80,000 and has fixed costs of $400,000. What sales revenue would have to be generated in order to earn the desired profit? Multiple Choice $300,000$666,667$800,000$750,000$450,000