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Solen Corporation's break-even point in sales is $990,000 and its variable expenses are 75% of sales, if the company lost $49,000 last year, sales must have amounted to: a) $941,000 b) $892,000 c) $794,000 d) $693,500

Solen Corporation's break-even point in sales is $990,000 and its variable expenses are 75% of sales, if the company lost $49,000 last year, sales must have amounted to: a) $941,000 b) $892,000 c) $794,000 d) $693,500

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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Solen Corporation's break-even point in sales is $990,000 and its variable expenses are 75% of sales, if the company lost $49,000 last year, sales must have amounted to: a) $941,000 b) $892,000 c) $794,000 d) $693,500
Transcribed Image Text:Solen Corporation's break-even point in sales is $990,000 and its variable expenses are 75% of sales, if the company lost $49,000 last year, sales must have amounted to: a) $941,000 b) $892,000 c) $794,000 d) $693,500
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