Ivan company has a goal of earning 75000 after-tax income., Ask an Expert

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Ivan Company has a goal of earning $75,000 after-tax income. Ivan would need to pay $20,000 of income taxes at the target level of income. The contribution margin ratio is 39%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $36,800?

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Accounting Basics, Accounting

Category:- Accounting Basics
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