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Part 1of a 2-part question: After conducting a market research study, Ed Manufacturing decided to produce a new interior door to complement its exterior door

Part 1of a 2-part question: After conducting a market research study, Ed Manufacturing decided to produce a new interior door to complement its exterior door line. It is estimated that the new interior door can be sold at a target price of $120. The annual target sales volume for interior doors is 20,000. Ed has target operating income of 20% of sales. What are target sales revenues? HINT: Do not overthink the solution to the call of this question

$1,920,000

$4,000,000

$2,400,000

None of these answers is correct.

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