Question
17. Returning to question 15, assume that the business has a tax rate of 30%, what does it take for there to be a net
17. Returning to question 15, assume that the business has a tax rate of 30%, what does it take for there to be a net profit of taxes of $ 112,000?
a. Let total sales be 44,000 units
b. Let total sales be $ 1,000,000
c. Both a and b are correct
d. Neither a nor b are correct.
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
1st Edition
0471169196, 978-0471169192
