If an Organization's Fixed Costs Are $2,400,tax Rate Is 40%,and

question 139

True/False

If an organization's fixed costs are $2,400,tax rate is 40%,and contribution margin is $5,200,then its after-tax operating profits are $1,680.

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Definitions:

Pension Expense

The cost of a company's pension plan, recognized in its financial statements during a specific period.

Net Amortization

The process of gradually reducing the book value of an intangible asset over its useful life.

Interest Cost

A financial charge associated with borrowing funds or the cost incurred on debt over a specific period.

IFRS

International Financial Reporting Standards are a globally-adopted set of accounting standards aimed at making financial statements comparable across international boundaries.