Nolan Dry Cleaners has determined the following about its costs: Total variable expenses are $40,000 , total fixed expenses are $30,000, and the sales revenue needed to break even is $40,000. Determine the company's current 1) sales revenue and 2) operating income. ( Hint: First, find the contribution margin ratio; then prepare the contribution margin income statement.)
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Home » Business » Nolan Dry Cleaners has determined the following about its costs: Total variable expenses are $40,000 , total fixed expenses are $30,000, and the sales revenue needed to break even is $40,000.