Question

Robin company wants to earn a 6% return on sales after taxes. The company effective income tax rate is 40% , contribution margin is 30% fixed cost is $240000, the amount of sales required to earn the desired return is ?

Answer 1

Answer:

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ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:return on sales after taxes = 6%

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:return on sales after taxes = 6%effective income tax rate = 40%, contribution margin = 30%.

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:return on sales after taxes = 6%effective income tax rate = 40%, contribution margin = 30%.Robin has fixed costs = $240,000,

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:return on sales after taxes = 6%effective income tax rate = 40%, contribution margin = 30%.Robin has fixed costs = $240,000,We are to find the amount of sales required to earn the desired return using the information above.

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:return on sales after taxes = 6%effective income tax rate = 40%, contribution margin = 30%.Robin has fixed costs = $240,000,We are to find the amount of sales required to earn the desired return using the information above.Profit = Contribution - Fixed Cost

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:return on sales after taxes = 6%effective income tax rate = 40%, contribution margin = 30%.Robin has fixed costs = $240,000,We are to find the amount of sales required to earn the desired return using the information above.Profit = Contribution - Fixed CostAssuming sales = K

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:return on sales after taxes = 6%effective income tax rate = 40%, contribution margin = 30%.Robin has fixed costs = $240,000,We are to find the amount of sales required to earn the desired return using the information above.Profit = Contribution - Fixed CostAssuming sales = K6/(100-40)K = (30/100)K -240,000

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:return on sales after taxes = 6%effective income tax rate = 40%, contribution margin = 30%.Robin has fixed costs = $240,000,We are to find the amount of sales required to earn the desired return using the information above.Profit = Contribution - Fixed CostAssuming sales = K6/(100-40)K = (30/100)K -240,0000.1K =0.3K -240,000

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:return on sales after taxes = 6%effective income tax rate = 40%, contribution margin = 30%.Robin has fixed costs = $240,000,We are to find the amount of sales required to earn the desired return using the information above.Profit = Contribution - Fixed CostAssuming sales = K6/(100-40)K = (30/100)K -240,0000.1K =0.3K -240,0000.2K =240,000

ogorwyneAmbitious1.2K answers252.9K people helpedAnswer:Answer is 1,200,000Explanation:return on sales after taxes = 6%effective income tax rate = 40%, contribution margin = 30%.Robin has fixed costs = $240,000,We are to find the amount of sales required to earn the desired return using the information above.Profit = Contribution - Fixed CostAssuming sales = K6/(100-40)K = (30/100)K -240,0000.1K =0.3K -240,0000.2K =240,000K = 240,000/0.2

so K =1,200,000.

Explanation:

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