Business, 11.02.2021 17:40 aubrey1161
The CEO would like to see higher sales and a forecasted net income of $2,500,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 10%. The tax rate, which is 40%, will remain the same. (Note that while the tax rate remains constant, the taxes paid will change). What level of sales would generate $2,500,000 in net income
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The CEO would like to see higher sales and a forecasted net income of $2,500,000. Assume that operat...
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