Greshak Corp. was the victim of several frauds during the current year that totaled approximately $10 million.
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Question:
Greshak Corp. was the victim of several frauds during the current year that totaled approximately $10 million. A review of Greshak's financial statements show the company generated a profit margin of 10 percent. Assuming the company's sole product sells for $1,000 per unit, how many additional units must the company sell to compensate for the fraud losses? YOU MUST SHOW ALL WORK/CALCULATIONS TO RECEIVE CREDIT.
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