Use the information for Sheridan Shacks in Exercise 15 and assume a tax rate for the company
Question:
a. If Sheridan Shacks wants to earn an after-tax profit of $182,000, how many garden sheds must it sell?
b. How much revenue is needed to yield an after-tax profit of 8 percent of revenue? How many garden sheds does this revenue amount represent?
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Step by Step Answer:
a Convert aftertax to pretax profit 182000 1 035 280000 The number of gard...View the full answer
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ISBN: 978-1111626822
8th Edition
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