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Problem 2 The TASK Company sells Product A for P60 each. Variable costs are P36 per unit. Fixed costs are P375, 000. How much sales (in units and in pesos) must be reached to realize a 1. Net income of P102, 000 before income taxes. 2. Net income of P102, 000 after income taxes. Tax rate is 32%. 3. Net income of 15% of sales. Ignore income taxes. 4. 20% Return on Sale. Ignore income taxes.

Problem 2 The TASK Company sells Product A for P60 each. Variable costs are P36 per unit. Fixed costs are P375, 000. How much sales (in units and in pesos) must be reached to realize a 1. Net income of P102, 000 before income taxes. 2. Net income of P102, 000 after income taxes. Tax rate is 32%. 3. Net income of 15% of sales. Ignore income taxes. 4. 20% Return on Sale. Ignore income taxes.

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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Problem 2 The TASK Company sells Product A for P60 each. Variable costs are P36 per unit. Fixed costs are P375, 000. How much sales (in units and in pesos) must be reached to realize a 1. Net income of P102, 000 before income taxes. 2. Net income of P102, 000 after income taxes. Tax rate is 32%. 3. Net income of 15% of sales. Ignore income taxes. 4. 20% Return on Sale. Ignore income taxes.
Transcribed Image Text:Problem 2 The TASK Company sells Product A for P60 each. Variable costs are P36 per unit. Fixed costs are P375, 000. How much sales (in units and in pesos) must be reached to realize a 1. Net income of P102, 000 before income taxes. 2. Net income of P102, 000 after income taxes. Tax rate is 32%. 3. Net income of 15% of sales. Ignore income taxes. 4. 20% Return on Sale. Ignore income taxes.
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