At Radiant, Inc., the sales department is also responsible for recording cash transactions as it does not have a separate accounting department

For Wickham Co., sales is $2,000,000, fixed expenses are $600,000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $400,000?

a. $1,111,111 b. $1,666,666 c. $2,777,778 d. $5,555,556

If you put $200 in a savings account at the beginning of each year for 10 years and then allow the

account to compound for an additional 10 years, how much will be in the account at the end of the 20th year? Assume that the account earns 10% and round to the nearest $100. A) $8,300 B) $8,900 C) $9,100 D) $9,700