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Ace Corporation's Variable Costs Are Equal to 43% of Sales

Question 17

Multiple Choice

Ace Corporation's variable costs are equal to 43% of sales revenue. Their fixed costs per month are $600,000. Calculate the net income on sales of $2,000,000 per month.


A) $540,000
B) $260,000
C) $798,000
D) $1,140,000
E) $280,000

Correct Answer:

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