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Lake stevens marina has estimated that fixed costs per

Question - Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.40.

Required

a. What is the break-even point per month in sales dollars?

b. What level of sales dollars is needed for a monthly profit of $60,000?

c. For the month of July, the marina anticipates sales of $1,000,000. What is the expected level of profit?

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Accounting Basics: Lake stevens marina has estimated that fixed costs per

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