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ABC Corporation sells a single product. The company's most recent income...

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Accounting

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ABC Corporation sells a single product. The company's most recent income statement is given below. - Sales: $50,000 - Variable expenses: $30,000 - Contribution margin: $20,000 - Fixed expenses: $12,500 - Net income: $7,500 To achieve a $40,000 after tax income, given a tax rate of 20%, how much must sales total

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