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Stylish Sitting is a retailer of office chairs located in San Francisco, California. Due to increased market competition, the CFO of Stylish Sitting has grown
Stylish Sitting is a retailer of office chairs located in San Francisco, California. Due to increased market competition, the CFO of Stylish Sitting has grown worried about the firm's upcoming income stream. The CFO asked you to use the company financial information provided below. Sales price $ 74.00 Per-unit variable costs: Invoice cost 40.50 Sales commissions 17.50 Total per-unit variable costs $ 58.00 Total annual fixed costs: Advertising $ 54,550 Rent 77,100 Salaries 225,100 Total annual fixed costs $ 356,750 The annual breakeven point, in dollar sales, is: (Do not round intermediate calculations.)
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