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Title: Black Pearl, Inc., sells a single product. The company's most recent income statement is given ... Post by: StormLrd on Nov 4, 2017 Black Pearl, Inc., sells a single product. The company's most recent income statement is given below.
Sales $50,000 Less variable expenses (30,000) Contribution margin 20,000 Less fixed expenses (12,500) Net income $ 7,500 Required: a. Contribution margin ratio is ________ % b. Breakeven point in total sales dollars is $ ________ c. To achieve $40,000 in net income, sales must total $ ________ d. If sales increase by $50,000, net income will increase by $ ________ Title: Re: Black Pearl, Inc., sells a single product. The company's most recent income statement is given ... Post by: Allopa on Nov 4, 2017 Content hidden
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