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ACCT - Golf Glider makes gasoline-powered golf carts

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Question;Golf Glider makes gasoline-powered golf carts. The selling price is $5,000 each, and costs are as follows:Golf Glider?s income is taxed at a 40 percent rate.a. How many golf carts must Golf Glider sell to earn $600,000 after tax? Round your answer to the nearest whole number.b. What level of revenue is needed to yield an after-tax income equal to 20 percent of sales? Round percentages to the hundredths place (Ex., 10.2265 rounded to 10.23). Round your final answer to the nearest whole dollar

 

Paper#43845 | Written in 18-Jul-2015

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