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Q 18.20: Gulph Company reported the following results for May: sales $200,000, variable costs $120,000 and...

Q 18.20: Gulph Company reported the following results for May: sales $200,000, variable costs $120,000 and fixed costs $60,000. What amount of sales are required in June to achieve $50,000 of net income? A : $275,000 B : $183,333 C : $165,000 D : $500,000.

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Answer is A- $ 275,000

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