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Question - Angie Toys Company had the following income statement for 2000.
Sales (20,000 units) $400,000
Variable expenses 300,000
Fixed expenses 60,000
Net income $40,000
Using the above income statement, how many units need to be sold in order to earn a profit before tax of $50,000?
a) None of the above
b) 12,000
c) 18,000
d) 22,000
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