French Enterprises expects sales of $1,000,000 and total variable costs of $250,000 for 2016. Total budgeted fixed costs are $200,000. What is the dollar amount of sales necessary to achieve after-tax profits of $700,000 if the tax rate is 30%?
A) $1,200,000
B) $1,600,000
C) $3,377,333
D) $4,800,000
Correct Answer:
Verified
Q99: Ruben, Inc. is a management consulting firm
Q100: The Martinez Game Co. produces and sells
Q101: Orange Inc. incurs the following costs
Q102: The contribution margin ratio of Yoshi enterprises
Q103: Which of the following is not an
Q105: The Pantene Company is subject to
Q106: Once a firm reaches the breakeven point,
Q107: Log Homes on Spec (LHOS) in New
Q108: Apple Enterprises projects the following for
Q109: Somer Company's sales increased, but its pre-tax
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents