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Sales based on Target Income - Michelle Beckers

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Michelle Beckers target income in her business for the upcoming year is $78,500. The company's gross profit margin averages 32.6 percent of sales, and its total operating expenses run 24.7 percent of sales. To achieve her target income, sales of Michelle's company should be:

a. $148,773
b. $993,671
c. $317,814
d. $1,271,348.

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Solution Summary

The solution determines the sales based on target income.

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Target Income = $78,500

Gross Profit Margin = 32.6%

Total Operating ...

Solution provided by:
Gaurav Agarwal, MS
Education
  • BE, Bangalore University, India
  • MS, University of Wisconsin-Madison
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