SOLUTION: (20%). Learning outcome 1, 2 and 3 James Corporation gathered the following information: Variable costs $550,000 Income tax rate 40% Contribution-margin ratio 30% Required: a. Com

Question 1183397: (20%). Learning outcome 1, 2 and 3 James Corporation gathered the following information: Variable costs $550,000 Income tax rate 40% Contribution-margin ratio 30% Required: a. Compute total fixed costs assuming a breakeven volume in dollars of $2,000,000. b. Compute sales volume in dollars to produce an after-tax net income of $150,000.
Answer by ikleyn(52782) (Show Source): You can put this solution on YOUR website!
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Due to the used terminology and conceptions, this problem is more a Finance problem, than a Math problem.

At this forum, we do not consult in Finance.

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