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Jagswear Inc. earned operating income of $97,000 during 2020. The company wants to earn operating income of $146,000 during 2020. Its fixed costs are
Jagswear Inc. earned operating income of $97,000 during 2020. The company wants to earn operating income of $146,000 during 2020. Its fixed costs are expected to be $36,390, and variable costs are expected to be 35% of sales. Determine the required sales to meet the target operating income during 2020. Required sales $ eTextbook and Media Fill in the dollar amounts for the summary income statement for 2020 below based on your answer to part a. Sales revenue $ Variable costs Contribution margin Fixed costs Operating income $
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