MinMin Corporation gathered the following information:                           Income tax rate                            40%                         Contribution-margin ratio             30%   If fixed costs are $600,000, what level of sales dollars is needed to produce an after-tax net income of $150,000? (Round to the nearest $, and enter a number only)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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MinMin Corporation gathered the following information:

 

                        Income tax rate                            40%

                        Contribution-margin ratio             30%

 

If fixed costs are $600,000, what level of sales dollars is needed to produce an after-tax net income of $150,000? (Round to the nearest $, and enter a number only).

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