Colton Dry Cleaners has determined the following about its costs: Total variable expenses are $42,000, total fixed

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Colton Dry Cleaners has determined the following about its costs: Total variable expenses are $42,000, total fixed expenses are $30,000, and the sales revenue needed to break even is $50,000. Determine the company's current 1) sales revenue and 2) operating income.
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Managerial Accounting

ISBN: 978-0134128528

5th edition

Authors: Karen W. Braun, Wendy M. Tietz

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