Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please show your work, I will need to know how to compute this. For the most recent year, Triad Company had fixed costs of $250,000
Please show your work, I will need to know how to compute this.
For the most recent year, Triad Company had fixed costs of $250,000 and variable costs of 80% of total sales revenue, earned $74,750 of net income after taxes, and had an income tax rate of 35%. Required: 1. Determine the before-tax income. 2. Determine the total contribution margin. 3. Determine the total salesStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started