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The New Product, Inc is looking to achieve a net income of 15 percent of sales. Here is the firms's profile: Unit sales price is $10; Variable cost per unit is $ 6; Total fixed costs are $ 50,000. What is the level of sales (in units) required to achieve a net income of 15 percent of sales?

A) 12,000 units
B) 21,000 units
C) 16,000 units
D) 20,000 units

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M9867755

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