Lance is interested in entering the catfish farming business. He estimates if he enters this...
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Accounting
Lance is interested in entering the catfish farming business. He estimates if he enters this business, his fixed costs would be $50,000 per year and his variable costs would equal 30 percent of sales. If each catfish sells for $2, how many catfish would Lance need to sell to generate a profit that is equal to 10 percent of sales?
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