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7. Assume the following (1) sales = $200,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 29%, and (4) net operating income
7. Assume the following (1) sales = $200,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 29%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true?
5 .Assume the following (1) selling price per unit = $30, (2) variable expense per unit = $18, and (3) total fixed expenses = $34,800. Given these three assumptions, the unit sales needed to achieve a target profit of $11,700 is:
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