For the most recent year, Triad Company had fixed costs of $130,000 and variable costs...
90.2K
Verified Solution
Link Copied!
Question
Accounting
For the most recent year, Triad Company had fixed costs of $130,000 and variable costs of 80% of total sales revenue, earned $39,000 of net income after taxes, and had an income tax rate of 35%.
1. Determine the before-tax income.
2. Determine the total contribution margin.
3. Determine the total sales.
4. Determine the break-even point in dollar sales.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
