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A company produces refrigerator magnets. Their company data includes a price of $2, a contribution...

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Accounting

A company produces refrigerator magnets. Their company data includes a price of $2, a contribution margin ratio of 40%, monthly fixed costs of $6,000, and an income tax of 30%. The owner wants to earn an after-tax profit of $21,000 a month. How many magnets must be produced and sold to meet this goal?

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