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Company produces and sells a single product. The budgeted income statement for the coming year...

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Accounting

Company produces and sells a single product. The budgeted income statement for the coming year is;

Sales 280.000 TL

  • Variable expenses 210.000

Contribution margin 70.000

  • Fixed expenses 56.000

Profit before tax 14.000

REQUIRED: Assume that tax rate is 20 percent. How much sales revenue must be generated to earn profit after tax 15.120 TL?

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