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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.

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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
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.
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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