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Pina Colada Tax Services provides primarily two lines of service: accounting compilation and tax return preparation. Accounting compilation services represent 60% of its revenue and

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Pina Colada 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 $4,681,800. (a) Your answer has been saved. See score details after the due date. Calculate the revenue from each type of service that the company must achieve to break even. Attempts: 1 of 1 used (b) The company has a desired net income of $1,734,000. What amount of revenue would Pina Colada earn from tax return preparation services if it achieves this goal with the current sales mix? Tax $

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