Question: Current Attempt in Progress Martinez Tax Services provides primarily two lines of service: accounting compilation and tax return preparation. Accounting compilation services represent 60% of


Current Attempt in Progress Martinez Tax Services provides primarily two lines of service: accounting compilation and tax return preparation. Accounting compilation services represent 60% of its revenue and provide a contribution margin ratio of 30%. Tax return preparation services represent 40% of its revenue and provide a 40% contribution margin ratio. The company's fixed costs are $4,406,400. (a) Your answer is correct. Calculate the revenue from each type of service that the company must achieve to break even. Revenue Accounting $ 7776000 Tax $ 5184000 e Textbook and Media Attempts: 1 of 3 used (b) The company has a desired net income of $ 1.632,000. What amount of revenue would Martinez earn from tax return preparation services if it achieves this goal with the current sales mix? Tax $ Save for Later Attempts: 0 of 3 used Submit
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