Problem based on after-tax income


A company has a goal of earning $100,000 in after-tax income. The company must pay $28,000 in income tax if it achieves the goal. The contribution margin ratio is 30%. What dollar amount of sales must be achieved to reach the goal if fixed costs are $64,000?

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Accounting Basics: Problem based on after-tax income
Reference No:- TGS070917

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