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R.A. MONA has fixed costs of $75,000 and a 25% contribution margin ratio. What dollar sales are necessary to achieve a pre-tax net income of
R.A. MONA has fixed costs of $75,000 and a 25% contribution margin ratio. What dollar sales are necessary to achieve a pre-tax net income of $100,000 if the tax rate is 20%?
$900,000
$700,000
$1,000,000
$800,000
$1,100,000
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