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Home Q & A Board Other Fields Homework Help Business Economics
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StormLrd StormLrd
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6 years ago
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   $ ________
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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AllopaAllopa
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6 years ago
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