The Contribution Margin Ratio of Baginski Corporation's Only Product Is

question 176

Multiple Choice

The contribution margin ratio of Baginski Corporation's only product is 53%. The company's monthly fixed expense is $617,980 and the company's monthly target profit is $23,000. The dollar sales to attain that target profit is closest to:

• A)$1,166,000
• B)$1,209,396
• C)$339,719
• D)$327,529

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Definitions:

Yen

The official currency of Japan, used in both physical and electronic forms for transactions within the country and internationally.

Real Exchange Rate

The rate at which two currencies can be traded for each other, adjusted for inflation differentials between the two countries.

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The official currency of South Africa, symbolized as ZAR.