Problemlin corporation has a single product whose selling, Ask an Expert

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Problem

Lin Corporation has a single product whose selling price is $120 and whose variable expense is $80 per unit. The company's monthly fixed expense is $50,000.

If Lin has a target profit of $10,000 per month, what are the monthly sales revenues needed to achieve this target?

Suppose Round your answer to the nearest dollar.

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Category:- Accounting Basics
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