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UW98726 company's break-even-point in sales revenue is $970,000, and its variable expenses are 80% of sales. If the UW98726 company lost $47,000 last year, its sales must have amounted to: Multiple Choice $729,000 $735,000 $923,000 $876,000

UW98726 company's break-even-point in sales revenue is $970,000, and its variable expenses are 80% of sales. If the UW98726 company lost $47,000 last year, its sales must have amounted to: Multiple Choice $729,000 $735,000 $923,000 $876,000

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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UW98726 company's break-even-point in sales revenue is $970,000, and its variable expenses are 80% of sales. If the UW98726 company lost $47,000 last year, its sales must have amounted to: Multiple Choice $729,000 $735,000 $923,000 $876,000
Transcribed Image Text:UW98726 company's break-even-point in sales revenue is $970,000, and its variable expenses are 80% of sales. If the UW98726 company lost $47,000 last year, its sales must have amounted to: Multiple Choice $729,000 $735,000 $923,000 $876,000
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