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Jackson Company has fixed costs of $76,000; a tax rate of 15%; and a contribution margin ratio of 0.40. How much sales (in dollars) must
Jackson Company has fixed costs of $76,000; a tax rate of 15%; and a contribution margin ratio of 0.40. How much sales (in dollars) must it generate to earn a net income of $42,000?
Question 15Answer
a.
$85,000
b.
$105,000
c.
$295,000
d.
$313,529
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