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Question 8 (Q9) Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30. What
Question 8 (Q9)
Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30.
- What is the break-even point per month in sales dollars?
- What level of sales dollars is needed for a monthly profit of $70,000?
- For the month of July, the marina anticipates sales of $1,000,000. What is the expected level of profit?
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College Accounting Chapters 1 24
Authors: Douglas J. Mcquaig, Patricia Bille, Tracie L. Nobles
10th Edition
1439037752, 9781439037751
