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Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit. The company's monthly fixed expense is $32,350.
Required:
1. Calculate the unit sales needed to attain a target profit of $7,900. (Do not round intermediate calculations.)
2. Calculate the dollar sales needed to attain a target profit of $8,500. (Round your intermediate calculations to the nearest whole number.)
Last year, Delightful Desserts had a quick ratio of 1.8, a current ratio of 5.0, an inventory turnover of 7, total current assets of $340,000, and cash and equivalents of $43,000. If the cost of goods sold equaled 80 percent of sales, what were Ba..
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