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10. Your firms goal is to earn $6,320,000 in net income next year. Your sales forecast is $24,000,000. Your firm makes elect

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Answer #1

Answer: a) $6,400,000

Contribution Margin ($24,000,000*60%) 14,400,000
Pre - tax profit 6320000/(1-0.21) 8,000,000
Fixed costs (14,400,000-8,000,000) 6,400,000
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