Tommy's Towels sells three Items (which it purchases from a supplier): bath towels, hand towels,...
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Tommy's Towels sells three Items (which it purchases from a supplier): bath towels, hand towels, and washcloths in a 4:3:2 mix (thus, a batch of 9 towels has 4 bath towels, 3 hand towels, and 2 washcloths). Each bath towel sells for $18 and costs $12, each hand towel sells for $13 and costs $10; and each washcloth sells for $10.50 and costs $9. The shop's annual fixed expenses are $396,000, and the Income tax rate, t, is 40%. How many bath towe/s must the firm sell at the breakeven point? (Round per-unit amounts to 2 decimal places.) Multiple Choice 89,000. 44,000. 59,000. 28,000. 52,000
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