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Pantene Paints has annual sales of $2,250,000 with variable expenses of 60 percent of sales and fixed expenses per month of $25,000. By how much must annual sales increase for Pantene Paints to have pre-tax income equal to 30 percent of sales?

Pantene Paints has annual sales of $2,250,000 with variable expenses of 60 percent of sales and fixed expenses per month of $25,000. By how much must annual sales increase for Pantene Paints to have pre-tax income equal to 30 percent of sales?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Pantene Paints has annual sales of $2,250,000 with variable expenses of 60 percent of sales and fixed expenses per month of $25,000. By how much must annual sales increase for Pantene Paints to have pre-tax income equal to 30 percent of sales?
Transcribed Image Text:Pantene Paints has annual sales of $2,250,000 with variable expenses of 60 percent of sales and fixed expenses per month of $25,000. By how much must annual sales increase for Pantene Paints to have pre-tax income equal to 30 percent of sales?
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