What amount of dollar sales must be achieved to reach, Accounting Basics

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What amount of dollar sales must be achieved to reach

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 to reach

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Request for Solution File

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Accounting Basics: What amount of dollar sales must be achieved to reach

Reference No:- TGS0717216

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine the gage pressure at the bottom of the tank

Q : What amount should have been reported as variable

Q : Construct confidence intervals about b1

Q : What was the company turnover rounded

Q : What amount of dollar sales must be achieved to reach

Q : Mean rate of return on the investment

Q : Magnitude of the electrostatic force between the particles

Q : How much would alance the total stockholders

Q : Calculate the probabiility of drawing one score

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount of dollar sales must be achieved to reach

Reference No:- TGS0717216

Recent Questions Asked Accounting Basics

Q : Determine the gage pressure at the bottom of the tank

Q : What amount should have been reported as variable

Q : Construct confidence intervals about b1

Q : What was the company turnover rounded

Q : What amount of dollar sales must be achieved to reach

Q : Mean rate of return on the investment

Q : Magnitude of the electrostatic force between the particles

Q : How much would alance the total stockholders

Q : Calculate the probabiility of drawing one score

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