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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
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%. Required: 1. Determine the before-tax income. (Round your answer to 2 decimal places.) Before-tax income 2. Determine the total contribution margin. (Round your answer to 2 decimal places.) Contribution margin 3. Determine the total sales. (Round your final answer to 2 decimal places.) Total sales 4. Determine the breakeven point in dollar sales. (Round your final answer to the nearest whole dollar amount.) Break-even point in sales dollars
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