Question - For the most recent year, Triad Company had fixed costs of $300,000 and variable costs of 75% of total sales revenue, earned $91,000 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 sales.
4. Determine the breakeven point in dollar sales.