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The break-even point in sales for Rice Company is $400,000, and the company's contribution margin ratio is 20%. Its income tax rate is 20%.
The break-even point in sales for Rice Company is $400,000, and the company's contribution margin ratio is 20%. Its income tax rate is 20%. If Rice Company desires an after-tax operating profit of $100,000, what would total sales have to be? $1,025,000. $1,060,000. $1,050,360. Cannot be determined without additional information.
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
11th Edition
0132871939, 978-0132871938
