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Exercise 3.29 Martinez Company, which is subject to a 40% income tax rate, projected its income before taxes for next year as shown here: Sales
Exercise 3.29 Martinez Company, which is subject to a 40% income tax rate, projected its income before taxes for next year as shown here: Sales (152,000 units) $7,500,000 Cost of sales Variable costs 1,900,000 Fixed costs 2,850,000 Pretax earning $2,850,000 What is Martinez's breakeven point in units sold for the next year? Breakeven point units LINK TO TEXT If Martinez wants $4,275,000 in pretax earning, what is the required level of sales, in dollars? Total Revenue LINK TO TEXT If Martinez's net assets are $34,200,000, what amount of revenue must be achieved for Martinez to earn a 10% after-tax return on assets? Total Revenue LINK TO TEXT If Martinez wants after-tax earnings of 30% of sales, what is the required level of sales in dollars and in units? Revenue: or units
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