Problem

The Role of Income Taxes For the most recent year, Triad Company had fixed costs of $240,0...

The Role of Income Taxes 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 Determine:

1. Before-tax income.


2. Total contribution margin.


3. Total sales.


4. Breakeven point in dollar sales.

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