Question
Ibhar Manfacturing Company has fixed cost of $3,000,000 and variable costs are 40% of sales. What are the required sales if Ibhar desires net income
Ibhar Manfacturing Company has fixed cost of $3,000,000 and variable costs are 40% of sales. What are the required sales if Ibhar desires net income of $300,000?
a. $5,000,000
b. $5,500,000
c. $8,250,000
d. $7,500,500
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Financial Investigation And Forensic Accounting
Authors: George A Manning
3rd Edition
0367864347, 9780367864347
