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10. Your firm's goal is to earn $6,320,000 in net income next year. Your sales forecast is $24,000,000. Your firm makes electronic components that sell
10. Your firm's goal is to earn $6,320,000 in net income next year. Your sales forecast is $24,000,000. Your firm makes electronic components that sell for $5,000 each. Your firm has a 60% contribution margin, a 21% tax rate, and no outstanding debt. What will your fixed costs be next year if you reach your goal? a) $6,400,000 b) $1,440,000 c) $9,600,000 d) $4,800,000 e) $8,000,000
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