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For the most recent year, Triad Company had fixed costs of $260,000 and variable costs of 80% of total sales revenue, earned $78,000 of net
For the most recent year, Triad Company had fixed costs of $260,000 and variable costs of 80% of total sales revenue, earned $78,000 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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