Multiple Choice
How many sales are required to earn a target after-tax net income of $80,000 if total fixed costs are $100,000, the contribution margin ratio is 40%, and the tax rate is 25%?
A) $6,000,000
B) $250,000
C) $516,667
D) $1,050,000
Correct Answer:
Verified
Correct Answer:
Verified
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