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What will sales have to be for the company to earn a profit

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Reference no: EM132546624

Last year, Pamela Company reported a profit of $70,000 when sales totaled $520,000 and the contribution margin ratio was 35%.

Question 1: If fixed expenses increase by $20,000 next year, what will sales have to be for the company to earn a profit of $80,000?

Option a) $562,500

Option b) $570,000

Option c) $605,714

Option d) $577,143

Reference no: EM132546624

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