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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa2380fdd-3f82-46ed-84b2-fe3252d47fc8%2F645ce345-ca34-47b8-baba-a678839f5422%2Fapiyli_processed.png&w=3840&q=75)
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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