Please pal! I need serious and correct answer, thank you so much! Entrepreneurship subj.
Please pal! I need serious and correct answer, thank you so much! Entrepreneurship subj.
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 20MC: Wallace Industries has total contribution margin of $58,560 and net income of $24,400 for the month...
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Please pal! I need serious and correct answer, thank you so much! Entrepreneurship subj.
![Gross Sales increases by 2% in year 2, 4% in year 3, 6% in year 4, and 8% in year 5.
The Gross Profitis 40%.
> Operating expenses is 10%.
Тах еxpense is 30%6
YEAR 1 (ACTUAL)
YEAR 2
YEAR 3
YEAR 4
YEAR 5
Gross Sales
P170 000
3.
10.
17.
24.
Less: Cost of Sales
P102 000
4.
11.
18.
25.
Gross Profit
P68 000
5.
12.
19.
26.
Less:
Operating P17 000
6.
13.
20.
27.
Expenses
Net Income Before Tax
P51 000
7.
14.
21.
28.
Income Tax Expenses
8.
15.
22.
29.
Net Income After Tax
2.
9.
16.
23.
30.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F35320222-c8c3-4d35-b6fe-de3b98d9d516%2Fc73486cf-0442-4672-b56f-8f36ca545f04%2F4lazmx8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Gross Sales increases by 2% in year 2, 4% in year 3, 6% in year 4, and 8% in year 5.
The Gross Profitis 40%.
> Operating expenses is 10%.
Тах еxpense is 30%6
YEAR 1 (ACTUAL)
YEAR 2
YEAR 3
YEAR 4
YEAR 5
Gross Sales
P170 000
3.
10.
17.
24.
Less: Cost of Sales
P102 000
4.
11.
18.
25.
Gross Profit
P68 000
5.
12.
19.
26.
Less:
Operating P17 000
6.
13.
20.
27.
Expenses
Net Income Before Tax
P51 000
7.
14.
21.
28.
Income Tax Expenses
8.
15.
22.
29.
Net Income After Tax
2.
9.
16.
23.
30.
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