In January 2020, Livingston Publishing sells three-year subscriptions to its annual publication to 500 customers for $30 each. U
1 answer:
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Answer:
annual net income is $23077.25
Explanation:
Given data:
sales volume = 4200 units
selling price/units $50
variable cost/units $25
fixed cost is $45000
Total sales
selling price/unit
variable cost/unit
fixed cost
sales
variable cost
difference = 229320 - 104737 = 124583
fixed cost = $43650
depreciation exchange = $11000
so total income prior to tax = 124583 - (43650 + 11000) =$ 69932.5
tax rate is 33%
so total income after tax is