Business, 12.06.2020 23:57, Kelshonti15

Bandit & Slate Company has determined their contribution margin ratio is 35% and their income tax rate is 40%. Assume their break-even volume is $1,500,000. What are their total fixed costs? Assume Wilmington wants after-tax net income of $300,000. What volume of sales in dollars is necessary to achieve this net income? The answers below are in the form "A:B". For example: if your answer is A = $2 and B= $1, then the letter you would choose below is $2:$1.

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Bandit & Slate Company has determined their contribution margin ratio is 35% and their income ta...