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Company one has sales forecast of 10,057,968 and has set a goal to earn 4,341,391 in net income for the coming year. The company manufactures
Company one has sales forecast of 10,057,968 and has set a goal to earn 4,341,391 in net income for the coming year. The company manufactures units that sell for $4582 each. This business has 60% contribution margin at 21% tax rate and no outstanding debt. What will be the fixed cost in the next year should the firm reach its goal?
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