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Simin Corporation has a single product; its selling price is $140 and its variable cost is $60 per unit. The companys monthly fixed expense is
Simin Corporation has a single product; its selling price is $140 and its variable cost is $60 per unit. The companys monthly fixed expense is $40,000.
Using the equation method, solve for the unit sales that are required to earn a target profit before tax of $6,000.
Using the contribution margin approach, solve for the dollar sales that are required to earn a target profit before tax of $8,000.
Calculate the number of units that need to be sold to earn a after-tax income of $7,700, assuming a tax rate of 30%.
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