Solved

Maxfield Company Has Fixed Costs of $200,000 and Variable Costs

Question 209

Multiple Choice

Maxfield Company has fixed costs of $200,000 and variable costs are 60% of sales. How much will Maxfield Company report as sales when its net income equals $20,000?


A) $550,000
B) $366,667
C) $520,000
D) $132,000

Correct Answer:

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