If Variable Costs Per Unit Are 70% of Sales Fixed

question 33

True/False

If variable costs per unit are 70% of sales fixed costs are $290000 and target net income is $70000 required sales are $1200000.

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Definitions:

Use of Cash

Use of Cash refers to how a business or individual utilizes their available cash resources, including operating expenses, investments, and financing activities.

Inventory

The total value of a company's goods that are ready for sale, in the process of being produced, or used as raw materials.

Use of Cash

Refers to how a business or individual utilizes available cash resources, including operations, investments, and financing activities.

Inventory Holdings

Refers to the quantity and value of a company's stock of goods that are held awaiting sale.