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Scott Company's variable expenses are 70% of sales. The company's break-even point in dollar sales is $2,420,000. If sales are $53,000 below the break-even point, the company would report a:

A) $43,200 loss

B) $60,000 loss

C) $16,800 loss

D) Cannot be determined from the data given.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9418351

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