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*Please show correct answer and complete work in same format* Bonita Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents.
*Please show correct answer and complete work in same format*
Bonita Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statement for the year ending December 31, 2017, is as follows. The company is considering hiring its own sales staff to replace the network of agents. It will pay its salespeople a commission of 7% and incur additional fixed costs of $7, 700,000. Under the current policy of using a network of sales agents, calculate the Bonita Beauty Corporation's break-even point in sales dollars for the year 2017Step by Step Solution
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