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  3. last year, flynn company reported a net income of

Last year, Flynn Company reported a net income of $70,000 when sales totaled $520,000 and...

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Accounting

Last year, Flynn Company reported a net income of $70,000 when sales totaled $520,000 and the contribution margin ratio was 40%. If fixed costs increase by $10,000 for the coming year, calculate the amount of sales revenue Flynn Company would need to earn in the coming year in order to generate a net income of $80,000. Do not use decimals in your answer.

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