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8. A company has sales of $10,000, a variable cost ratio of 30%, and fixed operating costs of $2,000. There is a loan of
8. A company has sales of $10,000, a variable cost ratio of 30%, and fixed operating costs of $2,000. There is a loan of $10,000 which pays 10% interest, and the company is in the 40% tax rate. a. Show the company's income statement using the information above. b. What is the company's dollar sales breakeven?
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Principles of Accounting
Authors: Belverd Needles, Marian Powers, Susan Crosson
10th edition
618736611, 978-1111809508, 111180950X, 978-0618736614
