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I would appreciate it if you could tell me the answer as soon as possible. No explanation or commentary is required on the above accounting
I would appreciate it if you could tell me the answer as soon as possible. No explanation or commentary is required on the above accounting question.
Falcon Environmental Services, Inc. provides consulting services to power plants. The consulting firm's contribution-margin ratio is 20 percent, and its annual fixed expenses are $130,000. The firm's income-tax rate is 40 percent. Required: 1. Calculate the firm's break-even volume of service revenue. 2. How much before-tax income must the firm earn to make an after-tax net income of $69,000 ? 3. What level of revenue for consulting services must the firm generate to earn an after-tax net income of $69,000Step by Step Solution
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