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Lake Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and...

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Question

Accounting

Lake 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 Lake's need to yield a $240,000 operating profit?

Multiple Choice

a $2,020,000.

b $2,400,000.

c $2,440,000.

d $600,000.

Answer & Explanation Solved by verified expert
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