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Farmers ' Industries has fixed costs of $ 400,000 and variable costs are 60 % of sales . How much will Farmers report as sales when its net income
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133.

Farmers’ Industries has fixed costs of $400,000 and variable costs are 60% of sales. Howmuch will Farmers report as sales when its net income equals $40,000?

a.$1,100,000b.$733,333c.$1,040,000d.$264,000
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Subject: Accounting, Business

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