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  1. business
  2. accounting
  3. 13. (20 points) kreter, inc. earned net income of

13. (20 points) Kreter, Inc. earned net income of $300,000 last year. This year it...

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13. (20 points) Kreter, Inc. earned net income of $300,000 last year. This year it wants to eam net income of $450,000. The company's fixed costs are expected to be $300,000, and variable costs are expected to be 70% of sales. Instructions (a) Determine the required sales to meet the target net income of $450,000 using the (b) Using a CVP income statement format, prove your answer. mathematical equation

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