With a tax rate of 25%, fixed costs of P34,000, and a contribution ratio of 45%, how much revenue is required to achieve a desired after-tax profit of P36,000? a.P111,111 b.P182,222 c.P149,091 d.P 83,636

With a tax rate of 25%, fixed costs of P34,000, and a contribution ratio of 45%, how much revenue is required to achieve a desired after-tax profit of P36,000? a.P111,111 b.P182,222 c.P149,091 d.P 83,636

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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Question

. With a tax rate of 25%, fixed costs of P34,000, and a contribution ratio of 45%, how much revenue is required to achieve a desired after-tax profit of P36,000?

a.P111,111

b.P182,222

c.P149,091

d.P 83,636

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