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24 August, 18:27

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?

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  1. 24 August, 21:02
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    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
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