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Lockwood Company currently sells its deadbolt locks for $30 each. The locks have a variable cost of $10, and the company's annual fixed costs are $150,000. The company's tax rate is 40 percent.Calculate the number of locks that must be sold to earn an after-tax profit of $24,000.
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The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars):
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