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

Algebra ->  Average -> 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      Log On


   

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(52781) About Me  (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.