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Guitars by Dave crafts an acoustic guitar that sells for $2,500. The variable costs per guitar are $1,750 and the total fixed costs are $180,000. What is the total dollar sales required to earn a $60,000 profit? $650,000 $800,000 $900,000 $750,000

Guitars by Dave crafts an acoustic guitar that sells for $2,500. The variable costs per guitar are $1,750 and the total fixed costs are $180,000. What is the total dollar sales required to earn a $60,000 profit? $650,000 $800,000 $900,000 $750,000

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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Guitars by Dave crafts an acoustic guitar that sells for $2,500. The variable costs per guitar are $1,750 and the total fixed costs are $180,000. What is the total dollar sales required to earn a $60,000 profit? $650,000 $800,000 $900,000 $750,000
Transcribed Image Text:Guitars by Dave crafts an acoustic guitar that sells for $2,500. The variable costs per guitar are $1,750 and the total fixed costs are $180,000. What is the total dollar sales required to earn a $60,000 profit? $650,000 $800,000 $900,000 $750,000
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