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EX 1. Determine the pre-tax income necessary to yield a net after-tax income of $63,000...

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Question

Accounting

EX 1. Determine the pre-tax income necessary to yield a net after-tax income of $63,000 using a tax rate of 27%

After-Tax Income Tax Rate Pre-Tax Income

Formula for Pre Tax income:

EX 2. Total fixed and other identified operating costs are $324,000, variable costs are 76% of sales. What is the break-even revenue level?

Fixed Costs Variable Rate Revenue

Formula for Revenue:

Ex 3. A 120 seat restaurant open 30 days this month had a turnover of 2.7 and revenue of $84,000. Compute the average check for the month.

Revenue Seats Days Turnover Guests Average Check

Formula for Check Average:

Formula for number of guests:

Answer & Explanation Solved by verified expert
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