What amount of dollar sales must be achieved, Accounting Basics

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What amount of dollar sales must be achieved

Ivan Company has a goal of earning $70,000 after-tax income. Ivan would need to pay $20,000 of income taxes at the target level of income. The contribution margin ratio is 30%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $36,000?

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Accounting Basics: What amount of dollar sales must be achieved

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Accounting Basics: What amount of dollar sales must be achieved

Reference No:- TGS087602

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount of dollar sales must be achieved

Reference No:- TGS087602

Recent Questions Asked Accounting Basics

Q : Compute the payback period and net present value

Q : Write a program that asks the user to respond

Q : What recommendations have for completion time is required

Q : Prepare a cost estimate for a volume level

Q : What amount of dollar sales must be achieved

Q : Chemist wishes to increase the acidity of an organic molecul

Q : The host computers used in peer-to-peer systems

Q : Sequential price reductions over time

Q : What amount should have been reported for the land

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