The Role of Income Taxes For the most recent year, Triad Company had fixed costs of $240,000and variable costs of 75% of total sales revenue, earned $70,000 of net income after taxes, and anincome tax rate of 35%.Required Determine:1. Before-tax income.2. Total contribution margin.3. Total sales.4. Breakeven point in dollar sales
The Role of Income Taxes For the most recent year, Triad Company had fixed costs of $240,000and variable costs of 75% of total sales revenue, earned $70,000 of net income after taxes, and anincome tax rate of 35%.Required Determine:1. Before-tax income.2. Total contribution margin.3. Total sales.4. Breakeven point in dollar sales
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
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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 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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