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Question
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $81 per unit. The company's monthly fixed expense is $23,580.
Required:
1. Calculate the unit sales needed to attain a target profit of $4,500. (Do not round intermediate calculations.)
2. Calculate the dollar sales needed to attain a target profit of $9,500. (Round your intermediate calculations to the nearest whole number.)
Determine the equivalent discount rate for the following? periods: a. Six months b. One year c. One month
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