Question: ABC Company's sales are $1,000,000. Its variable costs are 30% of sales. Its net income is $300,000. Calculate ABC's total fixed costs. Answer:

ABC Company's sales are $1,000,000. Its variable costs are 30% of sales.

ABC Company's sales are $1,000,000. Its variable costs are 30% of sales. Its net income is $300,000. Calculate ABC's total fixed costs. Answer:

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