EM Sales Had $2,200,000 in Sales Last Month

question 51

Multiple Choice

EM Sales had $2,200,000 in sales last month.The contribution margin ratio was 30% and operating profits were $180,000.What sales volume does EM's need to yield a $240,000 operating profit?

• A)$600,000.
• B)$2,020,000.
• C)$2,400,000.
• D)$2,440,000.

---

Definitions:

Operating Agreement

An arrangement among LLC's members concerning its business operations and members' financial and managerial rights and duties.

Fiduciaries

Individuals or entities entrusted to manage assets or wealth on behalf of another party while prioritizing the beneficiary's interests over their own.

LLC

A Limited Liability Company, a flexible form of enterprise that blends elements of partnership and corporate structures.

Wrongful Acts

Actions that are illegal or immoral, violating legal or ethical standards.