Suppose Merla Security Company has a 40 percent income tax rate, a contribution-margin ratio of 30 percent,
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Suppose Merla Security Company has a 40 percent income tax rate, a contribution-margin ratio of 30 percent, and fixed costs of $440,000. How many sales are necessary to achieve an after-tax income of $42,000?
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Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
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