Essay
Mini-Case 12-3: Birmingham's Stereo Shop
Birmingham's Stereo Shop expects net sales of $280,000 in the upcoming year, with a cost of goods sold of $173,600 and total expenses of $76,200. Birmingham expects variable expenses (including cost of goods sold)to be $195,700 and fixed expenses to be $54,100.
-What level of sales would Birmingham's have to achieve if it wanted to make a $25,000 profit?
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