Ask Question
12 December, 12:19

Management anticipates fixed costs of $74,300 and variable costs equal to 34% of sales. What will pretax income equal if sales are $343,000?

+2
Answers (1)
  1. 12 December, 12:29
    0
    pretax income is $152080

    Explanation:

    given data

    fixed costs = $74300

    variable costs = 34%

    sales = $343000

    to find out

    pretax income

    solution

    we know that pretax income formula is

    pretax income = sales - variable costs - fixed costs

    put all these value

    pretax income = 343000 - 34% of 343000 - 74300

    pretax income = 343000 - 116620 - 74300

    pretax income = 152080

    so pretax income is $152080
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Management anticipates fixed costs of $74,300 and variable costs equal to 34% of sales. What will pretax income equal if sales are $343,000? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers