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For question #3 part 2, I just can't figure out where the answer of 1550 units came from. When I do the formula I get
For question #3 part 2, I just can't figure out where the answer of 1550 units came from. When I do the formula I get an answer of 150,800. The question is How many pairs of boots would the company have to sell in order to get an after tax income of $120,000? The correct formula is (150,000+[120,000/(1-25%)]/200 which equals 150,800.
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