TB MC Qu.9-55(Static) The sales in dollars required to make an after-tax profit, given an...

50.1K

Verified Solution

Question

Accounting

TB MC Qu.9-55(Static) The sales in dollars required to make an after-tax profit, given an income tax rate, t, of 20%: Photo Finish
Photo Finish, Incorporated produces and sells picture frames. Variable costs are expected to be $17 per frame; fixed costs for the year are expected to total $130,000. The budgeted selling price is $25 per frame.
The sales dollars required by Photo Finish to make an after-tax profit (A) of $10,000, given an income tax rate, t, of 20 percent, would be: (Round units up to the nearest whole number.)
image

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