The contribution margin ratio of Mountain Corporation's only product is 52%. The company's monthly fixed expense is $296,400 and the company's monthly target profit is $7,000. The dollar sales to attain that target profit is closest to:

$583,462

Explanation:

Mountain's corporation has a contribution margin ratio of 52%

= 52/100

= 0.52

They have a monthly fixed expenses of $296,400

The target profit is $7,000

Therefore, the dollar sales that is closest to the target profit can be calculated as follows

= Target profit+Fixed expenses/CM ratio

= $7,000+$296,400/0.52

= $303,400/0.52

= $583,462

Hence the dollar sales to attain the target profit is closest to $583,462

i might look it up later.

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