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Ivan would need to pay $20,000 of income taxes

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Ivan Company has a goal or earning $70,000 after-tax income. Ivan would need to pay $20,000 of income taxes at the target level of income. The contribution margin ratio is 30%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $36,000

 

Paper#26962 | Written in 18-Jul-2015

Price : $27
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