Crimson Tech Corp. has a contribution margin ratio of 45% and a breakeven point of $300,000 in sales. If the firm reports a net income of $120,000 before taxes of 40%, what were total sales for the year?
Crimson Tech Corp. has a contribution margin ratio of 45% and a breakeven point of $300,000 in sales. If the firm reports a net income of $120,000 before taxes of 40%, what were total sales for the year?
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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What were total sales for the year on these financial accounting question?
Transcribed Image Text:Crimson Tech Corp. has a contribution margin ratio of 45%
and a breakeven point of $300,000 in sales.
If the firm reports a net income of $120,000 before taxes of
40%, what were total sales for the year?
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