Question: If the contribution margin ratio is 0.45, how much sales revenue must be earned to get a Profit after tax of $85,000. Assume a tax

If the contribution margin ratio is 0.45, how much sales revenue must be earned to get a Profit after tax of $85,000. Assume a tax rate of 30% and fixed costs of $200,000. Select one: O a. $321 428.57 O b. $469 841.27 O c. $268 159.34 O d. $388 888.89

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

If the contribution margin ratio is 0.45, how much sales revenue must be earned to get a Profit after tax of $85,000. Assume a tax rate of 30% and fixed costs of $200,000. Select one: a.$469 841.27...

If the contribution margin ratio is 0.45, how much sales revenue must be earned to get a Profit after tax of $85,000. Assume a tax rate of 30% and fixed costs of $200,000. Select one: O a. $321...

here is a few questions Question 10 (1 point) Merlot, Inc. has fixed costs of $200,000, sales price of $50, and variable cost of $30 per unit. How many units must be sold to earn profit of $80,000? O...

Five-Star Pizza delivers pizzas to the residential halls and tiniits fear a major university. The company's annual fixed expenses are $40,000. The sales price of a pizza is $16, and it costs the...

Five-Star Pizza delivers pizzas to the residential halls and units near a major university. The company's annual fixed expenses are $40,000. The sales price of a pizza is $16, and it costs the...

I need step by step solutions for the questions that that requires calculations. i already have the answers but seeing how the calculations are done will help me to understand the material much...

i need step by step calculations of the problems in the exam. University of Connecticut School of Business Managerial Accounting - Accounting 2101 Exam 2 - F13 - W October 29, 2013 Student:...

most of the problems in the exams are word problems. i only need step by step solutions for the problems i have to calcuate. i have the exams and the answers attached. can u help me? \fUniversity of...

Short Answer/Multiple Choice Questions 1. If the variable cost per unit decreased and all other costs remained the same, what would be the effect on the breakeven point? Explain. 2. Costs that remain...

Problem 8: Target Profit One of Zamboanga Corp.'s only products has the following information: Selling Price P 15 Variable Cost per Unit 10 Total Fixed Cost P 25,000 Tax Rate 40% The following...

Assume the same facts as in Problem 32, except that the group members have adopted the relative tax liability tax-sharing method. In Problem The Chief consolidated group reports the following results...

Relativity equations for time, length, and momentum hold true for (a) everyday low speeds. (b) relativistic speeds. (c) Both of these. (d) Neither of these.

The two conductors a and b are insulated from each other, forming a capacitor. You increase the charge on a to + 2 Q and increase the charge on b to 2 Q , while keeping the conductors in the same...

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Develop clear, concise, logical, coherent, and effective paragraphs.

Identify words that your receiver(s) will understand and that will elicit the intended response.

Describe ethical considerations for communication, and explain how codes of conduct help organizations promote ethical business behavior.