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Ivan Company has a goal of earning $70,700 after-tax income. Ivan would need to pay $20,700 of income taxes at the target level of income.
Ivan Company has a goal of earning $70,700 after-tax income. Ivan would need to pay $20,700 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 $37,40
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