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Blue Sky Corporation has a sales forecast of $10,942,956 million and has set a goal to earn $4,331,587 in net income in the coming year.
Blue Sky Corporation has a sales forecast of $10,942,956 million and has set a goal to earn $4,331,587 in net income in the coming year. The firm manufactures heat resistant components for gas turbine engines that sell for $4,935 each. This firm has a 60% contribution margin, a 21% tax rate, and no outstanding debt. What will be the fixed costs in the next year should the firm reach its goal?
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