Using this information below, answer the following question: What is the Pre-tax Income? Total sales...
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Accounting
Using this information below, answer the following question:
What is the Pre-tax Income?
Total sales amount to $2,000,000
Food generates 75% of total sales
Food cost is $500,000
Beverages generated sales of $300,000 with a CMR of 0.85
The gift store generated the remaining sales at a cost of 30%
Tax rate is 27%
Annual fixed costs total $1,500,000
$1,400,450.00
$1,589,150.01
$2,479,264.50
$1,479,452.05
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