If a company’s variable costs are 70% of sales, which formula represents the computation of peso sales that will yield a profit equal to 10% of the amount of sales when P equals sales in pesos for the period and FC equals total fixed costs for the period?     a. P = .2/FC b. P = FC/.2 c. P = .27/FC d. P = FC/.27

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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If a company’s variable costs are 70% of sales, which formula represents the computation of peso sales that will yield a profit equal to 10% of the amount of sales when P equals sales in pesos for the period and FC equals total fixed costs for the period?
 
 
a. P = .2/FC
b. P = FC/.2
c. P = .27/FC
d. P = FC/.27
 
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