Blankinship inc. sells single products. The company most recent income statement is given below.
sales $200,000
less variable expenses (120,000)
contribution margin 80,000
less fixed expenses (50,000)
Net income $30,000
find the:
1.contribution margin ratio
2. breakeven point in total sales dollars
3. to achieve $40,000 in net income, sales must total
4 if sales increase by $50,000 net income will increase by
