Corp sells tables and currently has sales of $25,000 Fixed costs of $2,000 Selling price of $20/unit
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Question:
Corp sells tables and currently has sales of $25,000
Fixed costs of $2,000
Selling price of $20/unit
CM ratio (%) of 20%.
Also assume a 40% tax rate.
Corp's net income (after taxes) will be 0 (zero) if sales (in units) decrease by what percentage?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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