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Can someone please Help me how to solve / formula to calculate my homework, I need to know how to get the rate tax rate.
Can someone please Help me how to solve / formula to calculate my homework, I need to know how to get the rate tax rate.
According to one of my sorces they told me the answer (tax rate is 48%) They can't tell me the calculation is?
see below:
3-53. Extensions of the CVP ModelTaxes
(LO 3-4)
Central Company manufactures a sensor used in various electronic devices. The products price and cost characteristics are:
Selling price per unit | $ 13 |
Variable cost per unit | 4 |
Fixed cost per year | 540,000 |
Required
The company must sell 10,000 units annually in order to earn $187,200 in profits after taxes. What is Central Companys tax rate?
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