Alafaya has asales forecast of $10 million and has set a goal to earn $4,320,000 in net
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Alafaya has asales forecast of $10 million and has set a goal to earn $4,320,000 in net income in the coming year. The firm manufactures heat resistant components for gas turbine engines that sell for $5,000 each. This firm has a 60% contribution margin, a 21% tax rate, and no outstanding debt. What will be the fixed costs in the next year should the firm reach its goal?
Related Book For
Managing Business Ethics Making Ethical Decisions
ISBN: 9781506388595
1st Edition
Authors: Alfred A. Marcus, Timothy J. Hargrave
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