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Norwood Industries has annual fixed costs of $1.8 million. Unit variable costs are currently 55% of selling price. Answer to the nearest million and .01%.

Norwood Industries has annual fixed costs of $1.8 million. Unit variable costs are currently 55% of selling price. Answer to the nearest million and .01%.

a) What annual revenue is required to breakeven?

b) What annual revenue is required to produce a loss of $100,000?

c) What annual revenue is required to produce a profit of $300,000?

d) If prices are increased by 10%, but total revenue remains at the value determined in c), what will be the percent change in sales volume?

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