Tony works as an accountant for a US-based manufacturing business. He is calculating the tax liability for his business for the previous financial year. The company’s profits for the previous financial year amount to $250,000. Which is the correct amount of corporate income tax that the business is liable to pay? A.
$67,750
B.
$77,750
C.
$87,750
D.
$97,750

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)