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The budgeted income statement of Port Williams Gift Shop is given below:
Net revenue $600,000
Less: expenses, including $300,000 of fixed expenses 660,000
Net loss $(60,000)
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The manager believes that an increase of $150,000 on advertising outlays will increase sales substantially.
Find out: 1. At what sales volume will the store break even after spending $150,000 on advertising
2. What sales volume will result in a net profit of $30,000?
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