Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The dollar sales necessary to achieve a target income of $ 2 1 , 0 0 0 after taxes of 3 0 % is $

The dollar sales necessary to achieve a target income of $21,000 after taxes of 30% is $450,000. The fixed costs are $262,000. What is the contribution ratio?
a.58%
b.53.3%
c.60%
65%
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Routledge Companion To Critical Accounting

Authors: Robin Roslender

1st Edition

0367656183, 9780367656188

More Books

Students also viewed these Accounting questions

Question

dy dx Find the derivative of the function y=(4x+3)5(2x+1)2.

Answered: 1 week ago

Question

Draw and explain the operation of LVDT for pressure measurement

Answered: 1 week ago