Determine the breakeven point in dollar sales

Assignment Help Accounting Basics
Reference no: EM133180243

Question - For the most recent year, Triad Company had fixed costs of $270,000 and variable costs of 60% of total sales revenue, earned $81,250 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.

Reference no: EM133180243

Questions Cloud

Assignment on employee retention strategies : Use the internet to research "Employee Retention Strategies" and compose a submission that describes three (3) strategies you came across that you think might b
Why would the price-earnings ratio be higher : The bank's net income has barely risen over the past two years but its return on common shareholders' equity is 10.2%, Why would price-earnings ratio be higher
What did you like best about their customer service : Choose a product or service you have purchased or paid for, answer the following questions below putting in practice the customer service topics covered through
Benefits of conducting a job analysis : Question 1: Human Resource Management is composed of several groups of interrelated activities. State any five of these activities and with elaboration.
Determine the breakeven point in dollar sales : Triad Company had fixed costs of $270,000 and variable costs of 60% of total sales revenue, earned $81,250 of net income after taxes, Determine breakeven point
Training and development in organizations : It's a very exciting time for training and development in organizations as it continues to gain traction in the workplace as a means to attract and retain key t
What is the total amount capitalized for the patent : On March 31, 2021, Manar paid $350,000 for legal fees in a successful defense of the patent. What is the total amount capitalized for the patent
Understand the role metrics play in talent analytics : 1. Understand the role metrics play in talent analytics 2. Understand the question first, then look at the metrics
Prepare the summary of the preceding transactions : During January 2021, the records of the company were inadequate. You were asked to prepare the summary of the preceding transactions

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd