Prepare a contribution margin income statement

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Reference no: EM131904381

Question: A small inn has annual fixed costs of $88,000, variable costs of 68% of sales revenue, and a tax rate of 30%. The owner wants an after-tax net income of $33,600. What sales revenue must be achieved to provide $33,600 net income after tax? Prepare a contribution margin income statement to confirm the calculated required sales revenue.

Reference no: EM131904381

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