Bramble 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 $3,855,600. (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 Accounting $ Tax (b) Tax $ $ Revenue 6804000 4536000 The company has a desired net income of $1.428,000. What amount of revenue would Bramble earn from tax return preparation services if it achieves this goal with the current sales mix? 4 Attempts: 1 of 1 used

Bramble 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 $3,855,600. (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 Accounting $ Tax (b) Tax $ $ Revenue 6804000 4536000 The company has a desired net income of $1.428,000. What amount of revenue would Bramble earn from tax return preparation services if it achieves this goal with the current sales mix? 4 Attempts: 1 of 1 used

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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My Home n Homework Ch1 6. BE.01.04 7. BE.01.04.ALGO 9. BE.01.05 8. BE.01.04.BLANKSHEET.AL... 10. BE.01.06 11. BE.01.06.ALGO 12. BE.01.07 13. EX.01.05.ALGO 14. EX.01.06.ALGO 15. PR.01.05A.BLANKSHEET 16. EX.01.01 17. EX.01.02 18. EX.01.03 19. BE.01.07.ALGO C CengageNOWv2 | Online tead X C D'Lite Dry Cleaners is owned X https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession 82°F Mostly sunny X ···· eBook Balance sheet Miscellaneous expense Wages expense Accounts payable Accounts receivable Cash Common stock Show Me How The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned $960,795 Office expense 220,985 19,215 461,180 . ■ 24,020 67,260 Line Item Description Balance Sheet August 31, 20Y6 Dashboard - Alabama A&M 255,145 135,000 Land 307,000 11,530 Supplies Cash dividends of $36,500 were paid during the year. Retained earnings as of September 1, 20Y5, were $259,000. Prepare a balance sheet as of August…