Brayden Corporation has a contribution margin ratio of 45% and a breakeven point of $180,000 in sales. If the company reports a net income of $120,000 before taxes of 40%, what were the total sales for the year? a. $446,667 b. $520,000 c. $540,000 d. None of the above
Brayden Corporation has a contribution margin ratio of 45% and a breakeven point of $180,000 in sales. If the company reports a net income of $120,000 before taxes of 40%, what were the total sales for the year? a. $446,667 b. $520,000 c. $540,000 d. None of the above
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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What were the total sales for the year ?
Transcribed Image Text:Brayden Corporation has a contribution margin
ratio of 45% and a breakeven point of $180,000 in
sales. If the company reports a net income of
$120,000 before taxes of 40%, what were the total
sales for the year?
a. $446,667
b. $520,000
c. $540,000
d. None of the above
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