Harvey Enterprises expects sales of $1,000,000 and total variable costs of $250,000 for 2005. 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%?

Question

Quizplus · Accepted Answer

The Answer of Harvey Enterprises expects sales of $1,000,000 and total variable costs of $250,000 for 2005. 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%?

Harvey Enterprises Expects Sales of $1,000,000 and Total Variable Costs