How much sales are required to earn a target net income of $128,000 - 6929

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How much sales are required to earn a target net income of $128,000 if total fixed costs are $160,000 and the contribution margin ratio is 40%?

A.  $320,000. 

 B.  $648,000. 

 C.  $400,000. 

 D.  $720,000. 

 
Solution Description

How much sales are required to earn a target net income of $128,000 if total fixed costs are $160,000 and the contribut