Concord reported the following results from the sale of 5000 units in May: sales $350000, variable costs
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Question:
Concord reported the following results from the sale of 5000 units in May: sales $350000, variable costs $280000, fixed costs $50000, and net income $20000. Assume that Concord increases its selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income?
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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