HE-24246 company's break-even sales revenue is $850,000, and its variable expenses are 80% of sales....
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Accounting
HE-24246 company's break-even sales revenue is $850,000, and its variable expenses are 80% of sales. If the HE-24246 company lost $35,000 last year, its sales revenue must have amounted to:
(Hint: Contribution Margin Ratio = 1 - Ratio of Variable Expenses to Sales)
Multiple Choice
$645,000
$780,000
$815,000
$675,000
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