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for the most recent year, triad company had fixed costs of $180,000 and variable costs of 60% of total sales revenue, earned $55,250 of net income after taxes, and 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.

Respuesta :

Fixed Cost - $180000, variable cost- 60% of total sales, net income - $55,250, income tax rate - 35%. With this info 1. $85000, 2. $34000, 3. $85000, 4. 5.29

1. Before tax income = Net income after tax / ( 1 - tax rate ), 55250/(1- 0.35) = $85000 2. Total contribution margin = Total Revenue - Variable cost, 85000 - 51000= $34000. 3. Total sales is equal to 85000 4. Break even point is equal to Fixed Cost ÷ Contribution margin = 180000÷ 34000 = 5.29

Revenues less costs, taxes, and interest equal net income (NI).  A financial phrase known as net income after taxes (NIAT) is used to refer to a company's profit following the payment of all taxes.

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