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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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