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

question 131

Multiple Choice

The contribution margin ratio of Lime Corporation's only product is 75%.The company's monthly fixed expense is $688,500 and the company's monthly target profit is $20,000.The dollar sales to attain that target profit is closest to:

• A)$531,375
• B)$944,667
• C)$918,000
• D)$516,375

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Definitions:

Igneous Rock

Igneous rock forms from the cooling and solidification of magma or lava and can be found at or beneath the surface of the Earth.

Weathering

The process by which rocks and minerals break down into smaller pieces by physical, chemical, or biological means, leading to the formation of soil and sediments.

Bedrock

The solid rock underlying loose deposits such as soil or alluvium, often exposed at the Earth's surface or underlying the soil layer.

Sediment

Particles of organic or inorganic matter that accumulate in a loose, unconsolidated form, often deposited by water, wind, or ice.