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2. Fenton Company had a net loss of $100,000 in 2008 when the selling price per unit was $20, the variable costs per unit were
2. Fenton Company had a net loss of $100,000 in 2008 when the selling price per unit was $20, the variable costs per unit were $12, and the fixed costs were $600,000. Management expects per unit data and total fixed costs to be the same in 2009. Management has set a goal of earning net income of $100,000 in 2009. Instructions (a) Compute the units sold in 2008. (b) Compute the number of units that would have to be sold in 2009 to reach management's desired net income level. (c) Assume that Fenton Company sells the same number of units in 2009 as it did in 2008 . What would the selling price have to be in order to reach the target net income? Use the mathematical equation
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