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Della's e-Portfolio Design Service has $4,900 fixed expenses
Della's e-Portfolio Design Service has $4,900 fixed expenses. The company's operating income is $0 and the contribution margin ratio is 60%.
What are the company's sales in dollars using the shortcut approach to the contribution margin ratio?
A) $8,167
B) $8,192
C) $8,198
D) $8,199
Expert Solution
Answer: A
Explanation: A) $4,900 + $0 / 0.60 = 8,166.66 ~ $8,167
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