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Rogers Racers makes toy race cars that sell for $12 each with a variable cost of $5 per car. Annual fixed costs are $7,000. If

Rogers Racers makes toy race cars that sell for $12 each with a variable cost of $5 per car. Annual fixed costs are $7,000. If Rogers Racers sells 50 units fewer than break-even, how much loss would the company recognize on its income statement?

$350 $4,200 $250 $70

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