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Dirth Company sells only one product at a regular price of $7.50 per unit. Variable expenses are 60% of sales and fixed expenses are $30,000. Management has decided to decrease the selling price to $6.00 in hopes of increasing its volume of sales. What is the sales dollars level required to break even at the old price of $7.50?
Tax Burden
The total amount of tax paid by individuals or businesses, expressed as a percentage of income or profit.
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A term referring to consumers who prefer shopping online from the comfort of their home rather than visiting physical stores.
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The income that is gained by governments through taxation, critical for funding public services and infrastructure.
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A situation where the demand for a product is sensitive to price changes, often resulting in significant changes in demand when prices fluctuate.
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