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Home Q & A Board Other Fields Homework Help Business Management
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juncmodule juncmodule
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6 years ago
Gaither Mack is preparing projected financial statements to include in the business plan he is preparing for the launch of a specialty retail store.  Using published financial statistics, Mack finds that the typical net profit margin for a store like his is 7.3 percent.  If Mack's target income for his first year of operation is $32,000, what level of sales must he achieve to reach it?
A) $233,600
B) $438,356
C) $2,966,400
D) Cannot be determined from the information provided
Textbook 
Essentials of Entrepreneurship and Small Business Management

Essentials of Entrepreneurship and Small Business Management


Edition: 6th
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Essentials of Entrepreneurship and Small Business Management 6th Edition by Scarborough
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CalbertoCalberto
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juncmodule Author
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6 years ago
Thanks
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This site is awesome
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