Question: Using this information below, answer the following question: What is the Pre - tax Income? Total sales amount to $ 2 , 0 0 0

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
$2,479,264.50
$1,479,452.05
$1,589,150.01
$1,400,450.00
 Using this information below, answer the following question: What is the

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!