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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
c co. reported a retained earnings balance of 210000 at december 31 2010. in september 2011 c determined that insurance
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