FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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For the most recent year, Triad
Company had fixed costs of $240,000
and variable costs of 75% of total sales
revenue, earned $70,000 of net
income after taxes, and had an income
tax rate of 35%.
Please show the math to determine:
Before-tax income.
Total contribution margin.
Total sales.
Breakeven point in dollar sales.
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Transcribed Image Text:For the most recent year, Triad Company had fixed costs of $240,000 and variable costs of 75% of total sales revenue, earned $70,000 of net income after taxes, and had an income tax rate of 35%. Please show the math to determine: Before-tax income. Total contribution margin. Total sales. Breakeven point in dollar sales.
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