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A firm has the capacity to produce 500,000 units of product per year. It is...

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Accounting

A firm has the capacity to produce 500,000 units of product per year. It is currently operating at 70% capacity and the firms annual income is $350,000 whilst annual fixed costs are $180,000, and variable costs are 25 cents per unit of product. i) What is the firms annualized profit or loss? ii) At what volume of sales does the firm break even?

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