Use the information below to answer the following question(s) Brian O'Neil intends to sell his customers a special round
Posted: Sun Jun 05, 2022 7:27 pm
- Use The Information Below To Answer The Following Question S Brian O Neil Intends To Sell His Customers A Special Round 1 (15.69 KiB) Viewed 39 times
Brian O'Neil intends to sell his customers a special roundtrip airline ticket package. He is able to purchase the package from the airline carrier for $400 each. The airline intends to reimburse Brian for any unsold ticket packages. The roundtrip tickets will be sold for $500 each. Brian has a tax rate of 30% on his business income.
What is the dollar amount of sales required for Brian to earn an aftertax profit of $7,000 if fixed costs are $10,000?
Use the information below to answer the following question(s) Brian O'Neil intends to sell his customers a special round-trip airline ticket package. He is able to purchase the package from the airline carrier for $400 each. The airline intends to reimburse Brian for any unsold ticket packages. The round-trip tickets will be sold for $500 each. Brian has a tax rate of 30% on his business income. What is the dollar amount of sales required for Brian to earn an after-tax profit of $7,000 if foxed costs are $10,000? COD A. $50,000 B. $70,588 OC. $17,000 OD. $100,000 OE $85,000