Last year flynn company reported a profit of 65000 when, Ask an Expert

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Last year, Flynn Company reported a profit of $65,000 when sales totaled $515,000 and the contribution margin ratio was 41%. If fixed expenses increase by $9,500 next year, what amount of sales will be necessary in order for the company to earn a profit of $75,000? (Do not round intermediate calculations.)

a. $554,750

b. $562,561

c. $590,000

d. $613,000

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Financial Accounting, Accounting

Category:- Financial Accounting
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