Determine the companys break-even dollar sales volume, Microeconomics

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Determine the companys break-even dollar sales volume

Problem

McKee Corporation has annual fixed costs of $12 million. Its variable cost ratio is .60.

a. Determine the company's break-even dollar sales volume.

b. Determine the dollar sales volume required to earn a target profit of $3 million.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Determine the companys break-even dollar sales volume

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