abbieT3206 abbieT3206
  • 26-01-2018
  • Business
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Raines company's sales are $750,000 with operating profits of $130,000. if the contribution margin ratio is 40%, what did the fixed costs amount to?

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W0lf93
W0lf93 W0lf93
  • 08-02-2018
Raines company's, having reported gross sales of $750,000, with net profits of $130,000, and a 40% contribution margin ratio (equaling $300,000), subsequently had fixed costs of $320,000.
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