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You are hoping your business can show a net income of $185,000 next year and are trying to estimate the sales level necessary to reach
You are hoping your business can show a net income of $185,000 next year and are trying to estimate the sales level necessary to reach this goal. You know that your cost of goods sold run 35% of sales and that your interest expense will be $12,000. Your fixed operating costs run $180,000 and you expect depreciation of $85,000 with an estimated tax rate of 24%. What sales level will be necessary to reach your target net income? $523.725 O $738.968 O $2.993,810 $800.648 $1,416,032
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