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Net Income Planning Midvale Corporation sells a single product for $100 per unit, of which $40 is contribution margin. Fixed costs total $240,000 and net
Net Income Planning Midvale Corporation sells a single product for $100 per unit, of which $40 is contribution margin. Fixed costs total $240,000 and net income before income tax is $48,000. Determine the following a. The present sales volume in dollars, $ b. The break-even point in units. c. The sales volume in units necessary to attain a net income before income tax of $60,000 units d. The sales volume in units necessary to attain a net income before income tax equal to 10% of sales revenue, e. The sales volume in units necessary to attain an after-tax net income of $54,000 if the tax rate is 404 units units units Next Previous B Save Answers
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