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Fixed costs per day are $20, the variable costs $0.16. Selling price $1.50. Generate a net income of $100 or greater? Using the formula where NI = net income, U = units sold, P = price per unit, VCu = variable costs per unit, and FC = fixed costs.

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Solution Summary

The solution gives the application of a simple formula to find the units required to generate a specified net income. The formula given is in terms of fixed cost, variable costs, units sold, net income and price per unit.

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