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Assume young corporation wants after-tax net income of

Question - Young Corporation has determined the contribution margin ratio is 35% and the income tax rate is 40%.

Required:

A) Assume break-even volume in dollars is $1,500,000. What are total fixed costs?

B) Assume Young Corporation wants after-tax net income of $300,000. What volume of sales in dollars is necessary to achieve this net income?

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Accounting Basics: Assume young corporation wants after-tax net income of

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