Compute the Level of Sales Required to Attain a Target Profit
Liman Corporation has a single product whose selling price is $140 and whose variable expense is $60 per unit The company's monthly fixed expense is $40,000.
Required:
1. Using the equation method. solve for the unit sales that are required to earn a target profit of $6,000.
2. Using the formula method. solve for the dollar sales that are required to earn a target profit of $8,000.
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