2. A division in a large conglomerate has a contribution margin ratio of 20% and fixed costs...

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2. A division in a large conglomerate has a contribution margin ratio of 20% and fixed costs of $1 million. What is the sales volume (in dollars) required to earn target net income $600,000. Assume a tax rate of 40%

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Posted Date: May 13, 2024 07:35 AM

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2. A division in a large conglomerate has a contribution margin ratio of 20% and fixed costs...

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To find the sales volume required to earn a target net income we can use the contribution margin inc... View the full answer

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