Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The attainable budget for a company is listed in the table below. What earnings are required to yield the Net Profit (before tax) of $250,000
The attainable budget for a company is listed in the table below. What earnings are required to yield the Net Profit (before tax) of $250,000 if the company decrease the variable cost to earnings ratio by 2%? Round all ratios to two decimal places.
A. $2,134,895
B. $625,756
C. $923,529
D. $1,796,438
Attainable Budget | |
Earnings | 700,000 |
Variable Cost | 478,000 |
Fixed Cost | 64,000 |
Net Profit(Before tax) | 62,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started