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Garner Stores, Inc. is a multiple-store chain retailer of women's clothing. You are provided with the following budgeted income statement for the coming year Required:
Garner Stores, Inc. is a multiple-store chain retailer of women's clothing. You are provided with the following budgeted income statement for the coming year Required: 1. Determine the breakeven point in dollars for 2013. 2. What is the required sales dollars if desired profit is to increase by 10% over the budgeted pre-tax profit? 3. What is the indifference point between reducing the commissions to 10% of sales dollars, and at the same time increasing sales salaries by $2.4 million, relative to the current budget?
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