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What is the sales volume required to earn target net income

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Question - A company has a contribution margin ratio of 40% and fixed costs of $4,000. The income tax rate is 20%. What is the sales volume (in dollars) required to earn a target net income of $1,600?

a. 5,600

b. 6,000

c. 10,000

d. 14,000

e. 15,000

f. none of the above

Reference no: EM132914473

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