2.

Exercise 9-26 (Static) The Role of Income Taxes [LO 9-2, 9-3] 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 an income tax rate of 35%. Required: 1. Determine the before-tax income. (Round your answer to 2 decimal places.) 2. Determine the total contribution margin. (Round your answer to 2 decimal places.) 3. Determine the total sales. (Round your intermediate calculations and final answer to 2 decimal places.) 4. Determine the breakeven point in dollar sales. (Round your intermediate calculations to 2 decimal places.) Exercise 9-27 (Static) CVP Analysis with Income Taxes [LO 9-2, 9-3] Cohen Company produces and sells socks. Variable cost is $6 per pair, and fixed costs for the year total $75,000. The selling price is $10 per pair. Required: 1. Calculate the breakeven point in units. 2. Calculate the breakeven point in sales dollars. 3. Calculate the units required to make a before-tax profit of $40,000. 4. Calculate the sales dollars required to make a before-tax profit of $35,000. (Do not round intermediate calculations.) 5. Calculate the sales, in units and in dollars, required to make an after-tax profit of $25,000 given a tax rate of 30%. (Do not round intermediate calculations. Round sales in units up to the nearest whole number and sales in dollars to the nearest whole dollar.)