A company has fixed costs of $50,000 and a 25% contribution margin ratio. What dollar sales are
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A company has fixed costs of $50,000 and a 25% contribution margin ratio. What dollar sales are necessary to achieve an after-tax net income of $120,000 if the tax rate is 20%?
(a) $800,000,
(b) $680,000, or
(c) $600,000.
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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