This topic contains a solution. Click here to go to the answer

Author Question: James Corporation gathered the following information: Variable costs$550,000Income tax ... (Read 63 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540

Question 1

Explain what net income and what taxes can have on a manager's decision?

Question 2

James Corporation gathered the following information:

Variable costs$550,000
Income tax rate40%
Contribution-margin ratio30%

Required:
a.Calculate the fixed costs, assuming breakeven revenue is $2,000,000.
b.Calculate sales volume in dollars to produce an after-tax net income of $150,000. 


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kellyjaisingh on Mar 6, 2021

fffftttt

  • Sr. Member
  • ****
  • Posts: 322
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 30% of students answer this correctly




kellyjaisingh

  • Member
  • Posts: 540
Reply 2 on: Mar 6, 2021
Excellent


xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

For a complete list of videos, visit our video library