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Financial Accounting: Sony Corporation's break- even point in sales is $920,000, and its variable expenses are 60% of sales. If the company lost $46,000 last year, sales must have amounted to: a) $790,000 b) $870,000 c) $805,000 d) $790,000

Financial Accounting: Sony Corporation's break- even point in sales is $920,000, and its variable expenses are 60% of sales. If the company lost $46,000 last year, sales must have amounted to: a) $790,000 b) $870,000 c) $805,000 d) $790,000

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 12P: Strickler Technology is considering changes in its working capital policies to improve its cash flow...
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Financial Accounting: Sony Corporation's break- even point in sales is $920,000, and its variable expenses are 60% of sales. If the company lost $46,000 last year, sales must have amounted to: a) $790,000 b) $870,000 c) $805,000 d) $790,000
Transcribed Image Text:Financial Accounting: Sony Corporation's break- even point in sales is $920,000, and its variable expenses are 60% of sales. If the company lost $46,000 last year, sales must have amounted to: a) $790,000 b) $870,000 c) $805,000 d) $790,000
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