Dalton Brothers pays 15% in taxes on income between $1 and $25,000. All income above...
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Dalton Brothers pays 15% in taxes on income between $1 and $25,000. All income above $25,000 is taxed at 40%. The firm's variable costs as a percentage of revenues are 60%. Annual fixed costs are $230,000.
What level of sales must the firm achieve to earn income after taxes of $120,000?
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