Question
Company produces and sells a single product. The budgeted income statement for the coming year is; Sales 280.000 TL Variable expenses 210.000 Contribution margin 70.000
Company produces and sells a single product. The budgeted income statement for the coming year is;
Sales 280.000 TL
- Variable expenses 210.000
Contribution margin 70.000
- Fixed expenses 56.000
Profit before tax 14.000
REQUIRED: Assume that tax rate is 20 percent. How much sales revenue must be generated to earn profit after tax 15.120 TL?
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Accounting Managing Business Information Preliminary Edition Volume I
Authors: Thomas L. Albright , Robert W. Ingram
1st Edition
0324061625, 978-0324061628
