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...

80.2K

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?

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. What are the components of an ordinary and necessary business expense? 2. List 4 examples of...

Accounting
Q

Here are five different functional models that might represent the growth of the number of Zika...

Advance Math
Q

What are Fixed side and Floating side bearing arrangement? Explain their applications with sketches.

Mechanical Engineering
Q

The most powerful communications medium to emerge in the 1920 s was the O newspaper...

Biology
Q

Find mZTUL mZTUV 167 mZTUL x 11 mZLUV 11x A 24 B 22 C 18...

Geometry
Q

Use the graph of the function g shown to estimate the function value g 0...

Calculus
Q

Kaitlyn Tran, owner of Flower Direct, operates a...

Accounting
Q

Which of the following statements regarding the sourcing of dividend income is true? ...

Accounting
Q

Silk Corporation wants to find an equation to estimate some of their monthly operating costs...

Accounting
Q

On December 31 Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of...

Accounting
Q

Kofi owes Ike Brokeman GH2,000.00. When pressed for payment, Kofi says, I will give you...

Finance
Q

What are data definition languages (DDLs)? How are they related to DBMSs(Data Base Management System)

Accounting