Young and Martin, Inc., sells a single product. This year, 20,000 units were sold resulting...
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Accounting
Young and Martin, Inc., sells a single product. This year, 20,000 units were sold resulting in $130,000 of sales revenue, $60,000 of variable costs, and $17,500 of fixed costs:
The number of units that must be sold annually to achieve $52,500 of profits is
a. 10,000 units
b. 5,000 units
c. 20,000 units
d. 15,000 units
If sales increase by $19,500 in a year, profits will increase by
a. $35,000
b. $17,500
c. $10,500
d. $19,500
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