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Calculate the number of locks that must be sold

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Reference no: EM13509971

Lockwood Company currently sells its deadbolt locks for $30 each. The locks have a variable cost of $10, and the company's annual fixed costs are $150,000. The company's tax rate is 40 percent.

Calculate the number of locks that must be sold to earn an after-tax profit of $24,000.

 

Reference no: EM13509971

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