Question
The following information was extracted from the accounting records of MVA Corporation: Selling price per unit $60 Variable cost per unit $20 Total fixed costs
The following information was extracted from the accounting records of MVA Corporation:
| Selling price per unit | $60 |
| Variable cost per unit | $20 |
| Total fixed costs | $480,000 |
If MVA's tax rate is 40 percent, how many units must be sold to earn an after-tax profit of $96,000?
| 14,400 |
| 32,000 |
| None of these answers are correct |
| 16,000 |
| 28,800 |
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New Approach To Financial Accounting No Need Of Cramming Formats
Authors: Samuel A. Olowoniyi ACA
1st Edition
148253150X, 978-1482531503
