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The company desires to earn a profit of 50000 and has fixed

Question - The records of Gemini Company show a contribution margin ratio of 25%. The company desires to earn a profit of $50,000 and has fixed costs of $100,000. What sales revenue would have to be generated in order to earn the desired profit?

$200,000

$155,000

$600,000

$400,000

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Accounting Basics: The company desires to earn a profit of 50000 and has fixed

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