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Tom has recently started a toy business. If everything goes well, he hopes to make an operating income of 20,000. Tom makes and sells only
Tom has recently started a toy business. If everything goes well, he hopes to make an operating income of 20,000. Tom makes and sells only one toy truck. He plans to sell each toy truck for $10 dollars. Tom has a variable cost of 5 dollars a toy and fixed costs of 25,000. He is new to his business, so he is looking at different ways to map his costs. Answer question A.
A)Make a self-made graph of CVP analysis(include the cost and revenue line, breakeven point, and the desired profit point on the graph)
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