The contribution margin ratio of candle corporation's only product is 65%. the company's monthly fixed expense is $455,300 and the company's monthly target profit is $41,300. required: determine the dollar sales to attain the company's target profit. (round your answer to the nearest whole dollar amount.)

Break-even point in dollars= $764,000

Explanation:

Giving the following information:

The contribution margin ratio of Candle Corporation's only product is 65%.

The company's monthly fixed expense is $455,300.

The target profit is $41,300.

Break-even point in dollars= (fixed costs + profit)/contribution margin ratio

Break-even point in dollars= (455300+41300)/0.65

Break-even point in dollars= $764,000

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

answer; im, thinking it should be (7yrs)///plz check first.good luck