Question
How many I-Phones must be sold to earn an after tax profit of $210,000 when the tax rate is 30%, fixed costs are $120,000, and
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How many I-Phones must be sold to earn an after tax profit of $210,000 when the tax rate is 30%, fixed costs are $120,000, and contribution margin per unit is $250? (round up to nearest whole I-phone)
a. 570 I-Phones
b. 1680 I-Phones
c. 879 I-Phones
d. 1,050 I-Phones
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Accounting Information And Equity Valuation Theory, Evidence, And Applications
Authors: Guochang Zhang
1st Edition
1461481597, 9781461481591
