Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 17, 2024

A company requires $591000 in sales to meet its target net income after tax. Its contribution margin is 40%, and fixed costs are $86000. How

image text in transcribed

A company requires $591000 in sales to meet its target net income after tax. Its contribution margin is 40%, and fixed costs are $86000. How much is the target net income, given that its after-tax rate is 75%? $379300 $150400 $52640 $112800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Auditing

Authors: William C Boynton, Raymond N Johnson

8th Edition

0471230111, 978-0471230113

More Books

Students also viewed these Accounting questions

Question

★★★★★

How does a project manager calculate start and finish times?

Answered: 1 week ago

Question

★★★★★

What is discounting? Give an illustration.

Answered: 1 week ago

Question

★★★★★

Suppose each new coupon collected is, independent of the past, a type i coupon with probability pi . A total of n coupons is to be collected. Let Ai be the event that there is at least one type i in...

Answered: 1 week ago

Question

★★★★★

The Occupational Safety and Health Administration (OSHA) is part of the U.S. Department of Labor. OSHA issued a Directive under which each employer in selected industries was to be inspected unless...

Answered: 1 week ago

Question

★★★★★

Complete a journaling exercise over Montages. Think about the following, and respond: How would you explain to a patient why two bipolar montages must be ran vs . one monopolar montage?

Answered: 1 week ago

Question

★★★★★

Peanut Company acquired 100 percent of Snoopy Company's outstanding common stock for $310,000 on January 1, 20x8, when the book value of Snoopy's net assets was equal to $310,000. Accumulated...

Answered: 1 week ago

Question

★★★★★

Mid-Term Exam 10/18/22 19. In a reciprocating engine powered aircraft, would you fly faster, slower, or the same speed for maximum endurance versus maximum range? Why? UPPER SURFACE 20. (a) What is...

Answered: 1 week ago

Question

★★★★★

2. In many ransomware attacks, the perpetrators ask for far less money than the victims end up paying to recover from the attack. Would it not save money and time for victims to pay the ransom? Why...

Answered: 1 week ago

Question

★★★★★

Consider the network topology shown below. The topology consists of multiple routers interconnected by full-duplex links. Each link has a static cost associated with it, which represents the cost of...

Answered: 1 week ago

Question

★★★★★

Discussion Case: The Arrival of Autonomous CarsBright Future or Looming Threat? As Elaine Herzberg walked her bicycle across a six-lane road in Tempe, Arizona, around 10 o'clock at night, she was...

Answered: 1 week ago

Question

★★★★★

Using the file Corporate Bonds.xlsx, run the K Means Clustering tool under the Clustering menu (i.e. not the Predictive Modeling version), selecting Years and Yield as the Y, Columns. In the Control...

Answered: 1 week ago

Question

★★★★★

A good negotiation tactic is to not make unilateral concessions during negotiations. Instead, experts advise that you should figure out the other sides hidden agenda, devise an alternative if you...

Answered: 1 week ago

Question

★★★★★

Why has Negotiating Women, Inc. focused its attention on women?

Answered: 1 week ago

Question

★★★★★

What are the underlying ethical issues surrounding womens networking and mentorship?

Answered: 1 week ago

Previous Question Next Question