Answer:
$583,462
Explanation:
Mountain's corporation has a contribution margin ratio of 52%
= 52/100
= 0.52
They have a monthly fixed expenses of $296,400
The target profit is $7,000
Therefore, the dollar sales that is closest to the target profit can be calculated as follows
= Target profit+Fixed expenses/CM ratio
= $7,000+$296,400/0.52
= $303,400/0.52
= $583,462
Hence the dollar sales to attain the target profit is closest to $583,462
