Homework Answers
Solution:
Answer : (d.) $ 1,305,263
To generate a before tax profit of $500,000, we require a contribution margin of $500,000 + $120,000 (Profit Before Tax + Fixed Costs). This then gives us a contribution margin of $620,000. By using the contribution margin ratio (Contribution Margin/Sales Revenue), we can calculate the revenue required:$620,000/Revenue = $380,000/$800,000. If we rearrange the equation to solve for Revenue,we arrive at $620,000/0.475 = $1,305,263
The correct answer is: $1,305,263
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