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The following data relates to a company's results for 30 June 2013 Sales $800 000 Less: Variable costs (420 000) Contribution margin 380 000 Less:

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The following data relates to a company's results for 30 June 2013 Sales $800 000 Less: Variable costs (420 000) Contribution margin 380 000 Less: Fixed costs (120 000) Profit before tax $260 000 Compute the revenue that must be earned to generate a before tax profit of $500 000. Select one: a. $620 000 b. $1 040 000 C. $1 180 952 d. $1 305 263

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