Question
Blueheads Company has an after-tax profit of P140,000. Blueheads has a return on sales of 20% and the tax rate is 30%. The total fixed
Blueheads Company has an after-tax profit of P140,000. Blueheads has a return on sales of 20% and the tax rate is 30%. The total fixed costs of Blueheads amounts to P100,000, what is the contribution margin ratio if the sales volume increases to 150%? round of your answers to four decimal places
Step by Step Solution
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Step: 1
To calculate the contribution margin ratio we first need to find the sales amount Given that the aft...
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Step: 2
Step: 3
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
