Need help Meagher Inc. has a contribution margin ratio of 40% anda breakeven point of $200,000 in sales. If the firm reportsa net income of $100,000 before taxes of 50%, whatwere total sales for the year?a. $450,000b. $466,667c. $500,000d. None of the above

Step 1: Introduction to the Cost-Volume-Profit (CVP) AnalysisThe CVP analysis is used to figure out…

Answered: Meagher Inc. has a contribution margin…

Principles of Accounting Volume 2

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ISBN:9781947172609

Author:OpenStax

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Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 23MC: If a firm has a contribution margin of $78M90 and a net income of $13,700 for the current month,...

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11. Subject:-Accounting
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Meagher Inc. has a contribution margin ratio of 40% and a breakeven point of $200,000 in sales. If the firm reports a net income of $100,000 before taxes of 50%, what were total sales for the year? a. $450,000 b. $466,667 c. $500,000 d. None of the above