What sales revenue would have to be generated

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The records of Kennett Company show a contribution margin ratio of 20%. 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?

Reference no: EM13862947

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What sales revenue would have to be generated : The records of Kennett Company show a contribution margin ratio of 20%. 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?
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