Raven Company Has a Target of $70,000 Pre-Tax Income

question 18

Multiple Choice

Raven Company has a target of $70,000 pre-tax income.The contribution margin ratio is 30%.What amount of dollar sales must be achieved to reach the goal if fixed costs are $36,000?

• A)$23,333.
• B)$36,000.
• C)$300,000.
• D)$353,333.
• E)$420,000.

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