Martol, Inc. has fixed costs of $200,000 and a contribution margin ratio of 40%. How much sales revenue must be earned for a profit of $80,000?
A. $140,000
B. $700,000
C. $560,000
D. $1,120,000
Answer: B
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Which sentence is correct?
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Fill in the blank(s) with the appropriate word(s).
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