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Fashion Company operates a chain of shops for women's shoes around the country. The shops have different models of shoes that are all sold at
Fashion Company operates a chain of shops for women's shoes around the country. The shops have different models of shoes that are all sold at the same price. In 2020, the company conducted a study to analyze the effect of the sale change on the company's net income. It was noticed that a 10% increase in sales led to a 60% increase in net income. Moreover, the dollar sales to break-even were $2,500,000. The variable expenses per shoe were $240. The management was satisfied with the company's net income of $300,000. 17. What is the amount of total fixed expenses for 2020?*
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