A company is in the 40 percent tax bracket. Why is desired profit after tax divided by

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A company is in the 40 percent tax bracket. Why is desired profit after tax divided by 60 percent to determine the needed before-tax profit amount?

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Cost Accounting Traditions and Innovations

ISBN: 978-0324026450

4th edition

Authors: Barfield Jesse, Raiborn Cecily, Kinney Michael

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Question Posted: Dec 27, 2016 08:30 AM

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A company is in the 40 percent tax bracket. Why is desired profit after tax divided by

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The profit after tax represents the net of tax amount In or...View the full answer

Cost Accounting Traditions and Innovations

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