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Tice Company is a medium-sized manufacturer of lamps. During the year a new line called Harolin was made available to Tices customers. The break-even points
Tice Company is a medium-sized manufacturer of lamps. During the year a new line called Harolin was made available to Tices customers. The break-even points for sales of Harolin is $200,000 with a contribution margin of 40%. Assuming that the profit for the Harolin line during the year amounted to $100,000, total sales during the year would have amounted to: a) $300,000 b) $190,000 c) $225,000 d) $240,000
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