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please explain simple way to solve. Do not use excel please. Income Statement - Hebner Housing Corporation forecasts the following numbers for this upcoming year:
please explain simple way to solve. Do not use excel please.
Income Statement - Hebner Housing Corporation forecasts the following numbers for this upcoming year: - The company is in the 40 percent tax bracket. Its cost of goods sold always represents 60 percent of its sales. The company's CEO is unhappy with the forecast and wants the firm to achieve a net income equal to $240,000. Assume that Hebner's interest expense remains constant. In order to achieve this level of net income, what level of sales will the company have to achieve Step by Step Solution
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