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ABC Audio sells headphones and would like to earn an after-tax profit of $996 every week. Each set of headphones incurs variable cost of $15 and sells for $30. Rent and other fixed costs are $255 per week; the income tax rate is 20%. How many headphones must ABC sell per week to meet its profit goal? Sales headphone sets per week

ABC Audio sells headphones and would like to earn an after-tax profit of $996 every week. Each set of headphones incurs variable cost of $15 and sells for $30. Rent and other fixed costs are $255 per week; the income tax rate is 20%. How many headphones must ABC sell per week to meet its profit goal? Sales headphone sets per week

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC Audio sells headphones and would like to earn an after-tax profit of $996 every week. Each set of headphones incurs variable cost of $15 and sells for $30. Rent and other fixed costs are $255 per week; the income tax rate is 20%. How many headphones must ABC sell per week to meet its profit goal? Sales headphone sets per week
Transcribed Image Text:ABC Audio sells headphones and would like to earn an after-tax profit of $996 every week. Each set of headphones incurs variable cost of $15 and sells for $30. Rent and other fixed costs are $255 per week; the income tax rate is 20%. How many headphones must ABC sell per week to meet its profit goal? Sales headphone sets per week
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