Question
Assume the following cost information for Fernandez Company: Selling price $120 per unit Variable costs $90 per unit Total fixed costs $80,000 Tax rate 21%
Assume the following cost information for Fernandez Company:
| Selling price | $120 per unit |
| Variable costs | $90 per unit |
| Total fixed costs | $80,000 |
| Tax rate | 21% |
What minimum volume of sales dollars is required to earn an aftertax net income of $32,000?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
