Question
Paul's Peanuts has total fixed costs of $23,996. If the company's contribution margin is 20%, the income tax rate is 35% and the selling price
Paul's Peanuts has total fixed costs of $23,996. If the company's contribution margin is 20%, the income tax rate is 35% and the selling price of a box of Peanuts is $20, how many boxes of Peanuts would the company need to sell to produce a net income of $13,975?
A.10,750 B.1,680 C.11,374 D. 2,844
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Managerial Accounting
Authors: Hartgraves And Morse
6th Edition
1934319805, 978-1934319802
