Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company has a goal of earning $100,000 in after-

A company has a goal of earning $100,000 in after-tax income. The company must pay...

70.2K

Verified Solution

Question

Accounting

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? Please show work

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

0 A radiu 7 A radius of 2 millimeters and a central angle of 6...

Medical Sciences
1.2K views

Describe the difference between performing heel raises with your knees straight versus your knees bent. What...

Basic Math
1.2K views

How do you perform hypothesis testing on multiple regression data from ANOVA table step-by-step? Please provide...

Accounting
1.2K views

Flip Flop Inc. (FFI) has a capacity to manufacture up to 100,000 flip flops annually in...

Basic Math
1.2K views

Let 7 2 be a point on the terminal side of 0 Find the exact...

Basic Math
1.2K views

A landfill has 60,000 tons of waste in it. Each month it accumulates an average...

Basic Math
1.2K views

First find f+g, f-g, fg, and f/g Then determine the domain for each function.What is...

Statistics
1.2K views

5 Find an orthogonal or unitary diagonalizing matrix for each of the following a 2...

Algebra
1.2K views

20 23 24 Question 22 Unsaved 26 29 21 1 27 30 32 33 Sampling...

Algebra
1.2K views

Find the sixth term of the geometric sequence given the first term and common ratio...

Accounting
1.2K views

Banks that hedge income risk should buy futures contracts on debt securities. Do you agree?...

Accounting
1.2K views

Consider the survey of supermarket data from Sydney to check branch rating by customers in...