Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

11th edition

78025400, 978-0078025402

More Books

Students also viewed these Accounting questions