Answer:
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Answer:
Answer is 1,200,000
Explanation:
return on sales after taxes = 6%
effective income tax rate = 40%, contribution margin = 30%.
Robin has fixed costs = $240,000,
We are to find the amount of sales required to earn the desired return using the information above.
Profit = Contribution - Fixed Cost
Assuming sales = K
6/(100-40)K = (30/100)K -240,000
0.1K =0.3K -240,000
0.2K =240,000
K = 240,000/0.2
so K =1,200,000.
You buy part of the share in a company say google or apple and so u put some money in to the share and u could earn money or loose only the amount u put in if the company u invest in looses a lot of money your technology not hurt because the money u put in could double or just disappear.