A & B in 2019 budgeted a net income after tax rate of 30% amounting to P1,680,000.
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A & B in 2019 budgeted a net income after tax rate of 30% amounting to P1,680,000. Fixed costs for the year are estimated to be P2,100,000 and contribution margin is estimated to be 20% of sales revenue. WHAT AMOUNT OF SALES REVENUE REQUIRED TO EARN THE DESIRED INCOME?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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