Multiple Choice
A company requires $600,000 in sales to meet its target net income after tax.Its contribution margin is 40%, and fixed costs are $80,000.How much is the target net income, given that its after-tax rate is 70%?
A) $400,000
B) $160,000
C) $48,000
D) $112,000
Correct Answer:
Verified
Correct Answer:
Verified
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