The contribution margin ratio of Mountain Corporation's only product is 52%.The company's monthly fixed expense is $296,400 and the company's monthly target profit is $7,000.The dollar sales to attain that target profit is closest to:

A) $570,000
B) $157,768
C) $583,462
D) $154,128

To calculate the dollar sales to attain the target profit, we can use the following formula:

Dollar sales = (Fixed expenses + Target profit) / Contribution margin ratio

Plugging in the given values, we get:

Dollar sales = ($296,400 + $7,000) / 0.52
Dollar sales = $303,400 / 0.52
Dollar sales = $583,462 (rounded to the nearest dollar)

Therefore, the closest answer is C) $583,462.

Dollar sales to attain a target profit = (Target profit + Fixed expenses)÷ CM ratio
= ($7,000 + $296,400)÷ 0.52
= $303,400 ÷ 0.52
= $583,462