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Question 5 ( 3 Marks) Georgian Company sells its products for $1,000/ unit. Gross margin is 30%, while operating costs are $12,000. The corporate tax
Question 5 ( 3 Marks) Georgian Company sells its products for $1,000/ unit. Gross margin is 30%, while operating costs are $12,000. The corporate tax rate is 40%. How much in sales will Georgian have to reach to earn $36,000 Net Income? A) $180,000 B) $200,000 C) $240,000 D) $300,000 E) None of the above
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