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How much sales revenue must Kingsgrove Limited generate

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Question - Kingsgrove Limited products and sells cricket bats. The budgeted income statement for the coming year is:

Sales 700,000

Less: Variable costs (540,000)

Contribution margin 160,000

Less: Fixed costs (120,000)

Profit before tax 40,000

Less: Tax (24,000)

Profit after tax 16,000

Required - How much sales revenue must Kingsgrove Limited generate to earn an after tax profit of $84,000?

Reference no: EM132618719

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