on 6 red XYZ Company's single product has a selling price of $25 per unit....
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Accounting
on 6 red XYZ Company's single product has a selling price of $25 per unit. Last year the company reported profit of $50,000 and variable expenses totaling $240,000. The product has a 40% contribution margin ratio. Because of competition, XYZ Company will be forced in the current year to reduce its selling price by $2 per unit. How many units must be sold in the current year to earn the same profit as was earned last year? ed out of ng question Select one: O a. 20,000 O b. 24,000 O c. 11,000 O d. 16,000 O e. 29,000
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