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Montoya Manufacturing Has Fixed Costs of $3000000 and Variable Costs

Question 47

Multiple Choice

Montoya Manufacturing has fixed costs of $3000000 and variable costs are 40% of sales. What are the required sales if Montoya desires net income of $300000?


A) $5500000
B) $5000000
C) $8250000
D) $7500000

Correct Answer:

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