A firm operated at 80% of capacity for the past year, during which fixed costs were $210,000,

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A firm operated at 80% of capacity for the past year, during which fixed costs were $210,000, variable costs were 65% of sales, and sales were $1,000,000. Operating profit was:

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Fundamentals of Financial Management

ISBN: 978-0324302691

11th edition

Authors: Eugene F. Brigham, ‎ Joel F. Houston

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Question Posted: Jan 05, 2018 10:33 AM

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A firm operated at 80% of capacity for the past year, during which fixed costs were $210,000,

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Sales 1000000 Fixed cost 210000 Variable cost 65x1000000 650000 Total co...View the full answer

Fundamentals of Financial Management

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