Hong Long Ltd. has a product that is sold for ($75;) variable costs are ($30) and fixed

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Hong Long Ltd. has a product that is sold for \($75;\) variable costs are \($30\) and fixed costs are \($1,000\) per month. Calculate how many products must be sold to obtain a profit of \($10,000\) per year.

a. 267

b. 244

c. 489

d. 147

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Accounting For Managers Interpreting Accounting Information For Decision Making

ISBN: 9781118037966

1st Canadian Edition

Authors: Paul M. Collier, Sandy M. Kizan, Eckhard Schumann

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