Question
Erwin Company invested Php300,000 in a new machine for production purposes. Erwin's variable costs are 30% of the selling price, and its fixed costs are
Erwin Company invested Php300,000 in a new machine for production purposes. Erwin's variable costs are 30% of the selling price, and its fixed costs are Php600,000. Erwin has an effective income tax rate of 40%. The amount of sales required to earn an 8% after-tax return on its investment would be?
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Accounting Information Systems
Authors: Pat Wheeler, Ulric J Gelinas, Richard B Dull
9th Edition
0538469315, 9780538469319
