Stancils Dry Cleaners has determined the following about its costs: Total variable ex-penses are $ 45,000, total
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Stancil’s Dry Cleaners has determined the following about its costs: Total variable ex-penses are $ 45,000, total fixed expenses are $ 30,000, and the sales revenue needed to breakeven is $ 40,000. Determine Stancil’s current 1) sales revenue and 2) operating income.
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This problem involves working backwards through the shortcut contribution margin formula and then wo...View the full answer
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