Question
6) If a company wants to end up with an AFTER-TAX profit of $25,000, and its tax rate is 38%, the BEFORE-TAX amount it must
6) If a company wants to end up with an AFTER-TAX profit of $25,000, and its tax rate is 38%, the BEFORE-TAX amount it must earn (rounded to the nearest whole dollar) is:
| a. | $34,500. | |
| b. | $40,323. | |
| c. | $65,789. | |
| d. | $40,500. | |
| e. | none of the above. |
7) Budgeted fixed costs may sometimes turn out to have variances, when compared to actual fixed costs.
True or False
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
7th edition
77733770, 978-0077733773
