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ABC Company produces and sells a single product. During 2020, ABC Company reported break-even sales dollars of $400,000, a contribution margin ratio of 40%, and
ABC Company produces and sells a single product. During 2020, ABC Company reported break-even sales dollars of $400,000, a contribution margin ratio of 40%, and a net income of $150,000.
Calculate the dollar amount of sales revenue generated by ABC Company during 2020. Do not use decimals in your answer.
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