Brighton Manufacturing has a contribution margin ratio of 35% and a breakeven point of $300,000 in sales. If the firm reports a net income of $120,000 before taxes of 40%, what were total sales for the year?
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- What were the total sales for the year ?For its most recent fiscal year, a firm reported that its contribution margin was equal to 60 percent of sales and that its net income amounted to 10 percent of sales. If its fixed costs for the year were P60,000, how much was the margin of safety?Last year, Flynn Company reported a profit of $70,000 when sales totaled $520,000 and the contribution margin ratio was 40%. If fixed expenses increase by $10,000 next year, what amount of sales will be necessary in order for the company to earn a profit of $80,000?
- Sarratt Corporation's contribution margin ratio is 70% and its fixed monthly expenses are $38,000. Assume that the company's sales for May are expected to be $97,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. Net operating incomeFrontier Corp. has a contribution margin of $1,458,000 and profit of $364,500. If sales increase 18%, by how much will profits increase?i need this question answer General accounting