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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Survey of Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt
1st edition
1119330025, 978-1119444244, 1119444241, 978-1119306474, 1119306477, 978-1119330028
