Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information pertains to Neuron Inc.: Contribution margin ratio: 6 0 % Total fixed costs: $ 1 8 0 , 0 0 0 Tax

The following information pertains to Neuron Inc.:
Contribution margin ratio: 60%
Total fixed costs: $180,000
Tax rate 25%
The sales in dollar required to obtain a target after-tax profit of $90,000 is:
Group of answer choices
$500,000
$412,500
More information is needed to calculate required sales dollars.
$900,000

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

Step: 3

blur-text-image

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

Handbook Of Communication Audits For Organisations

Authors: Owen D.W. Hargie, Dennis Tourish

1st Edition

0415186420, 978-0415186421

More Books

Students also viewed these Accounting questions

Question

Explain why most telephone company circuits are now digital.

Answered: 1 week ago