Question
ABC Company estimates the following data for the coming month Total variable costs ?$??? 40,000.00 Income tax rate 40% Contribution margin percentage 30% Estimated net
ABC Company estimates the following data for the coming month
Total variable costs
?$??? 40,000.00
Income tax rate
40%
Contribution margin percentage
30%
Estimated net income
$6,000.00
Find the estimated sales revenue for the coming month.
?
a.Between 0 and $20,000.00
b.Between $20,000.00 and $40,000.00
c.Between $40,001.00 and $60,000.00
d.Between $60,000 and 80,001.00
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Accounting
Authors: Charles T Horngren, Walter T Harrison
9th Edition
132959674, 978-0132569057
