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Sales based on Target Income - Michelle Beckers

Michelle Beckers target income in her business for the upcoming year is $78,500. The companys 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

Solution Preview

Target Income = $78,500

Gross Profit Margin = 32.6%

Total Operating ...