What dollar sales are necessary to achieve an after tax

Assignment Help Managerial Accounting
Reference no: EM132536545

Question 1: BITCO has fixed costs of $100,000 and a 25% contribution margin ratio. What dollar sales are necessary to achieve an after tax net income of $120,000 if the tax rate is 20%?

Reference no: EM132536545

Questions Cloud

Prepare journal entries for Custom drill : The drill were delivered on Jun 30th and installed on July 15, 2019. Prepare journal entries for Custom drill relating to these contracts
Which company has the better operating leverage : Sells it merchandise at $50 per unit. it has variable costs of $45 per unit and fixed costs of $60,000, which company has the better operating leverage?
Calculate the present value of the loan : The present value factor for 5 years at 10% is .6209. The present value of an annuity factor for 5 years at 10% is 3.7908. Calculate the present value of loan
How successfully land on the other ramp : Assuming the ramps have an incline of 30? and are spaced by 40 m, what speed (in units of km/hr) does the biker need to leave the first ramp in
What dollar sales are necessary to achieve an after tax : BITCO has fixed costs of $100,000 and a 25% contribution margin ratio. What dollar sales are necessary to achieve an after tax net income of $120,000
Should the company accept the special order and why : Should the company accept this special order? Why? Albertine Co. manufactures and sells trophies for winners of athletic and other events.
Prepare income tax expense section in the income statement : Frank reports € 80,000 in pre-tax financial income for 2019. Prepare the income tax expense section in the income statement for 2019
Determine the equation for the waveform : Determine the amplitude, frequency, time period and phase from the below equation and Determine the equation for the waveform
Find the amount of setup cost allocated to each unit : Using number of setups as the activity base, the amount of setup cost allocated to each unit of product for X and Y , respectively is

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd