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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 Preview

    Target Income = $78,500

    Gross Profit Margin = 32.6%

    Total Operating ...

    Solution Summary

    The solution determines the sales based on target income.