What will pretax income equal if sales are $350,000? General accounting Management anticipates fixed costs of$73,000 and variable costs equal to 40% ofsales. What will pretax income equal if salesare $350,000?

Step 1: Definition of Pretax IncomePretax income represents the company's earnings before taxes. It…

Answered: Management anticipates fixed costs of…

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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Management anticipates fixed costs of $73,000 and variable costs equal 47% of sales. What will income equal if sales are $330,000.
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Management anticipates fixed costs of $73,000 and variable costs equal to 40% of sales. What will pretax income equal if sales are $350,000?