Given the following information, calculate the sales dollars needed to achieve the target profit. Target profit after tax $4,500 Fixed costs $2,000 Contribution margin ratio
Given the following information, calculate the sales dollars needed to achieve the target profit.
Target profit after tax $4,500
Fixed costs $2,000
Contribution margin ratio 40%
Tax rate 25%
Multiple choice question.
$30,000
$20,000
$16,250
$21,000
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Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Howard D. Teall, Foster Horngren, Data Horngren
3rd Canadian Edition
0130355801, 978-0130355805
