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Please help me with the two blank boxes at the bottom right commissions are paid to the wholesale sales reps at 5% of revenues. The
Please help me with the two blank boxes at the bottom right
commissions are paid to the wholesale sales reps at 5% of revenues. The company has an income tax rate of 20%. Read the requirements. Requirement 2a. How many jeans must the company sell in order to reach a target operating income of $500,000 ? Requirement 2b. How many jeans must the company sell in order to reach a net income of $500,000 ? Now, select the formula labels, enter the amounts and calculate the number of jeans required to be sold to reach net income of $500,000. (Round your answer up to the nearest whole unit.) Requirement 3a. How many jeans would Perfect Fit have to sell to earn the net income in part 2b if the contribution margin per unit increases by 5%Step by Step Solution
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