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How much is the sales revenue required in order to earn

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Problem 1: Chicken & Bear in 2019 budgeted a net income after tax rate of 30% amounting to P1,680,000. Fixed costs for the year are estimated to be P2,100,000 and contribution margin is estimated to be 20% of sales revenue. How much is the sales revenue required in order to earn the desired income?

Option 1: P8,400,000

Option 2: P22,500,000

Option 3: P10,500,000

Option 4: P18,900,000

Reference no: EM132746658

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