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Company A reported the following income statement for the most recent month: Sales (9,000 units sold) ........... $540,000 Variable costs ..................... 216,000 Fixed costs ........................
Company A reported the following income statement for the most recent month: Sales (9,000 units sold) ........... $540,000 Variable costs ..................... 216,000 Fixed costs ........................ 117,000 Net income ......................... $207,000 Calculate the number of units Company A needed to sell in the most recent month in order to earn a target profit equal to 54% of sales.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
13th edition
1285198840, 978-1285198842
