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4. Lawson Company sells its product for $40 per unit and has a CM ratio (contribution margin ratio) of 20%. The company's fixed expenses are

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4. Lawson Company sells its product for $40 per unit and has a CM ratio (contribution margin ratio) of 20%. The company's fixed expenses are $160,000 per year. The company plans to sell 16,000 units this year. a. What is the break-even point in unit sales? b. What amount of unit sales is required to earn an annual profit of $40,000

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