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

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What amount of dollar sales must be achieved to reach goal

Ivan Company has a goal of earning $160,000 after-tax income. Ivan would need to pay $29,000 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 $108,000?

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

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

Reference No:- TGS0684474

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find z value to right of mean-area under distribution curve

Q : How comprehensive income is reported using second income

Q : What is the firm sustainable growth rate

Q : Inferences about a given type of population parameter

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

Q : Find the sustainable and internal growth rates for a firm

Q : Find probability that randomly selected student makes score

Q : Calculate the approximate overhead cost per unit

Q : How much is the amortization

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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 goal

Reference No:- TGS0684474

Recent Questions Asked Accounting Basics

Q : Find z value to right of mean-area under distribution curve

Q : How comprehensive income is reported using second income

Q : What is the firm sustainable growth rate

Q : Inferences about a given type of population parameter

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

Q : Find the sustainable and internal growth rates for a firm

Q : Find probability that randomly selected student makes score

Q : Calculate the approximate overhead cost per unit

Q : How much is the amortization

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