Question
The break-even point in sales for Rice Company is $360,000, and the company's contribution margin ratio is 20%. Its income tax rate is 40%. If
The break-even point in sales for Rice Company is $360,000, and the company's contribution margin ratio is 20%. Its income tax rate is 40%. If Rice Company desires an after-tax operating profit of $84,000, what would total sales have to be?
Multiple Choice
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Cannot be determined without additional information.
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$780,000.
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$1,060,000.
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$1,050,360.
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The Operational Auditing Handbook Auditing Business Processes
Authors: Andrew Chambers, Graham Rand
1st Edition
0471970603, 978-0471970606
