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Ivan Company has a goal of earning $165.000 after-tax income. Ivan would need to pay $29.500 of Income taxes at the target level of income.

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Ivan Company has a goal of earning $165.000 after-tax income. Ivan would need to pay $29.500 of Income taxes at the target level of income. The contribution margin ratio is 25%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $112.000? $11, 080 $6.600 $112,000 $7780 $1, 226,000

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