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A contractor has net sales of $600,000 annually. The annual fixed costs are $350,000 and...

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Finance

A contractor has net sales of $600,000 annually. The annual fixed costs are $350,000 and the direct costs are 31.5% of the net sales dollars for this level of business. Find the gross profits. What is the break-even point in terms of the sales dollars? Find the annual sales to have a profit of $80,000.

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