In 2018, the total costs of operations (excluding income tax) amounted to P1,680,000. Included in this amount is depreciation which is 20% of the total costs of operation. Income taxes are 50%. What must net sales be if the return on sales after tax is to be 8%? O P2.000,000 O P3,000,000 O P2.250,00O O P1.800,000
In 2018, the total costs of operations (excluding income tax) amounted to P1,680,000. Included in this amount is depreciation which is 20% of the total costs of operation. Income taxes are 50%. What must net sales be if the return on sales after tax is to be 8%? O P2.000,000 O P3,000,000 O P2.250,00O O P1.800,000
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
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![In 2018, the total costs of operations (excluding income tax) amounted to P1,680,000. Included in this amount is
depreciation which is 20% of the total costs of operation. Income taxes are 50%.
What must net sales be if the return on sales after tax is to be 8%?
O P2.000,000
O P3,000,000
O P2.250,00O
O P1.800,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff163d827-b423-4f98-8def-77cb6c7522b5%2F8d32862f-3eca-4d12-8deb-0b5f081ee0cc%2Fn2zny_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In 2018, the total costs of operations (excluding income tax) amounted to P1,680,000. Included in this amount is
depreciation which is 20% of the total costs of operation. Income taxes are 50%.
What must net sales be if the return on sales after tax is to be 8%?
O P2.000,000
O P3,000,000
O P2.250,00O
O P1.800,000
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