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James Corporation gathered the following information: < Required: Variable costs 550,000 Income tax rate 40% Contribution-margin ratio 30% a. Calculate the fixed costs, assuming
James Corporation gathered the following information: < Required: Variable costs 550,000 Income tax rate 40% Contribution-margin ratio 30% a. Calculate the fixed costs, assuming breakeven revenue is 2,000,000. b. Calculate sales volume in dollars to produce an after-tax net income of 150,000.
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