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Exercise 9-26 The Role of Income Taxes (LO 9-2, 9-3] For the most recent year, Triad Company had fixed costs of $180,000 and variable costs
Exercise 9-26 The Role of Income Taxes (LO 9-2, 9-3] For the most recent year, Triad Company had fixed costs of $180,000 and variable costs of 60% of total sales revenue, earned $55,250 of net income after taxes, and an income tax rate of 35%. Required: 1. Determine the before-tax income. 2. Determine the total contribution margin. 3. Determine the total sales. 4. Determine the breakeven point in dollar sales. (Do not round intermediate calculations.) 1. Before-tax income 2. Contribution margin 3. Total sales 4. Breakeven point in sales dollars
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