Corporation has determined the contribution margin ratio is, Ask an Expert

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Corporation has determined the contribution margin ratio is 35% and the income tax rate is 40%.

Required:

A) Assume break-even volume in dollars is $1,500,000. What are total fixed costs?

B) Assume Corporation wants after-tax net income of $300,000. What volume of sales in dollars is necessary to achieve this net income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9796906

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