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 Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter10: Cost Analysis For Management Decision Making

Section: Chapter Questions

Problem 13E

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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