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Casey Company Has Fixed Costs of $1,500,000 and Variable Costs

Question 68

Multiple Choice

Casey Company has fixed costs of $1,500,000 and variable costs are 40% of sales. What are the required sales if Casey Company desires net income of $150,000?


A) $2,750,000
B) $2,500,000
C) $4,125,000
D) $3,750,000

Correct Answer:

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