What dollar amount of sales shpould be achieved, Accounting Basics

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What dollar amount of sales shpould be achieved

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: What dollar amount of sales shpould be achieved

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Accounting Basics: What dollar amount of sales shpould be achieved

Reference No:- TGS092605

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Explain ckc to take advantage of jit concepts

Q : Preferred and common stockholders related problem

Q : Explain why males display more often

Q : Program that accepts candy data continuously until sentinel

Q : What dollar amount of sales shpould be achieved

Q : Goal of price skimming and penetration pricing

Q : Compute the after-tax npv of the new lift

Q : Hess break-even point in units

Q : Create a schema that supports the company''s business

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What dollar amount of sales shpould be achieved

Reference No:- TGS092605

Recent Questions Asked Accounting Basics

Q : Explain ckc to take advantage of jit concepts

Q : Preferred and common stockholders related problem

Q : Explain why males display more often

Q : Program that accepts candy data continuously until sentinel

Q : What dollar amount of sales shpould be achieved

Q : Goal of price skimming and penetration pricing

Q : Compute the after-tax npv of the new lift

Q : Hess break-even point in units

Q : Create a schema that supports the company''s business

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