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Legacy Company is considering the production and sale of a new product with the following sales and cost data: unit sales price $18; unit variable costs $8.10; and total fixed costs of $8,250. Legacy is subject to a 25% tax rate. Determine the dollar sales needed to generate an after-tax income of $33,000.
Interest Rate
Lenders impose a charge, as a percentage of the principal, on borrowers for the use of their assets.
Present Value
The value today of a future money sum or sequence of cash flows, based on a specific interest rate.
Interest Rate
The cost of borrowing money or the return on savings, usually expressed as a percentage.
Interest Rate
The percent of principal charged by the lender for the use of its money or the rate earned on deposited funds.
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