YO ACCOUNTING MFS

HOW U DO 11 i) and ii) i did some random bs

https://imgur.com/a/ZAGIDbE

Finding the required profit before tax involves understanding the cost structure and desired net income of a business. It's a calculation aimed at determining the amount of revenue needed to cover all costs and achieve a specific profit level before taxes are applied. This process is critical for setting sales targets and pricing strategies.

To calculate the required profit before tax, you first need to know the desired net income, tax rate, fixed costs, variable costs per unit, and the selling price per unit. The formula to find the required profit before tax is:

Required Profit Before Tax=Desired Net Income / (1−Tax Rate)

This formula gives you the profit needed before taxes are applied to meet your net income goal. Taxes are an unavoidable outflow that reduce your net income, so accounting for them in your planning is critical.

For calculating the required sales, you use the concept of the break-even point but adjust it to not just cover costs but also achieve the desired profit before tax. The formula for required sales in units is:

Required Sales in Units=Fixed Costs+Required Profit Before Tax / Selling Price per Unit−Variable Cost per Unit

And if you need the required sales in terms of revenue:

Required Sales in Revenue=Required Sales in Units×Selling Price per Unit

This calculation shows how many units need to be sold at a given price to cover all costs and achieve the targeted profit before tax. It's an essential tool for businesses to plan their production, pricing, and sales strategies effectively, ensuring they meet their financial objectives.

Understanding these concepts requires a clear grasp of the cost structure of the business and the ability to apply these formulas to forecast and plan for the future. It aligns financial goals with operational capabilities, guiding businesses toward sustainable growth and profitability.

YACHT PARTS LTDDDDDD

https://studyx.ai/homework/100149144-question-1-yacht-parts-ltd-sells-three-products-details-of-which-are-set-out-below-c-c-c

40 20 10 rule, she cannot afford the yacht parts

is this managerial accounting

How hard is accounting as a major?