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A company that produces cameras has fixed costs of $169,000 per annum. The variable costs are 44% of sales and profit was $62,500. When the
A company that produces cameras has fixed costs of $169,000 per annum. The variable costs are 44% of sales and profit was $62,500. When the selling price was reduced by 10%, the sales volume increased by 21%. a. What was the original sales revenue? Round to the nearest cent b. What were the original variable costs? Round to the nearest cent c. What is the new sales revenue? Round to the nearest cent d. What is the new variable cost? e. What is the amount of change in net income? Round to the nearest cent. Express loss as a negative number
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