Question: Using this information below, answer the following question: What is the Pre-tax Income? Total sales amount to $2,000,000 Food generates 75% of total sales Food

Using this information below, answer the following question:

What is the Pre-tax Income?

Total sales amount to $2,000,000

Food generates 75% of total sales

Food cost is $500,000

Beverages generated sales of $300,000 with a CMR of 0.85

The gift store generated the remaining sales at a cost of 30%

Tax rate is 27%

Annual fixed costs total $1,500,000

$1,400,450.00

$1,589,150.01

$2,479,264.50

$1,479,452.05

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!

Q:

Using this information below, answer the following question: What is the Pre - tax Income? Total sales amount to $ 2 , 0 0 0 , 0 0 0 Food generates 7 5 % of total sales Food cost is $ 5 0 0 , 0 0 0...

Q:

Using this information below, answer the following question: What is the Net Income required? Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000 Beverages...

Q:

Using this information below, answer the following question: 1. What is the CMRW? . Total sales amount to $2,000,000 . Food generates 75% of total sales . Food cost is $500,000 . Beverages generated...

Q:

Using this information below, answer the following question: What is the CMRw? Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000 Beverages generated sales of...

Q:

. Total sales amount to $2,000,000 . Food generates 75% of total sales . Food cost is $500,000 . Beverages generated sales of $300,000 with a CMR of 0.85 . The gift store generated the remaining...

Q:

Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000 Beverages generated sales of $300,000 with a CMR of 0.85 The gift store generated the remaining sales at a...

Q:

2. Use the following information to answer the below question: ed TOTAL out of COST PER% UNIT Sales (5 000 units) R275 000R55 100 on Less: Variable cost R220 000 R44 80 Contribution margin R55 000...

Q:

You helped me with a study guide yesterday and I am hoping to get your assistance with a study guide for accounting. I have attached the document. Please let me know if availible. If you invest...

Q:

Attached is a document with the answers highlighted. Please check and confirm which are correct and which are incorrect. Thanks! FIN 11 Exam: Feb 21, 2017 Prof. Augenthaler...

Q:

. Total sales amount to $2,000,000 . Food generates 75% of total sales . Food cost is $500,000 . Beverages generated sales of $300,000 with a CMR of 0.85 . The gift store generated the remaining...

Q:

What types of poverty policies have proved effective?

Q:

There are 38 nearly identical ABC stores within a one-mile radius in Waikiki. The combined size of these 38 stores allows ABC to offer large quantities at favorable prices. a. ABC gained market power...

Q:

Lab - Use Ping and Traceroute to Test Network Connectivity Topology Addressing Table Device Interface IP Address / Prefix Default Gateway R 1 G 0 / 0 / 0 6 4 . 1 0 0 . 0 . 2 / 3 0 N / A 2 0 0 1 :db 8...

Q:

Mara expresses interest in her employees' personal and professional lives. She is demonstrating behaviors. Select one: a . process b . relationship c . task d . directing

Q:

=+2. You have applied for a social media internship, and you receive a face-to-face interview. You are given a task to create a social media campaign for the upcoming season of NBCs Saturday Night...

Q:

=+4. You have been tasked to create a measurement strategy for the Make-A-Wish Foundation, which has given you certain objectives to accomplish (increase donations and awareness of its cause). List...

Q:

=+3. You are working with the campus agency and got a request to create a social media campaign to reach alumni for your university. The impact the agency wants to make is to increase its reputation...