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Mercedes Company prepared the following table detailing its operating percentages for last year: Sales 100% Cost of sales: Variable 50% Fixed 10% 60% Gross profit
Mercedes Company prepared the following table detailing its operating percentages for last year: Sales 100% Cost of sales: Variable 50% Fixed 10% 60% Gross profit 40% Other operating expenses: Variable 20% Fixed 15% 35% Net operating income 5% Mercedes's sales totaled $2,000,000 last year. At what sales level would the company break even
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