1.) A companys fixed costs are $123,000 per period, sells 6200 units per period at $55 each, and its total variable costs are $235,600. The net income or loss of the firm was:

A. $105,400 Net Income

B. $17,000 Net Loss

C. $17,000 Net Income

D. $27,000 Net Loss

2.) A sales revenue required to achieve a target income of $111,000 after taxes of 25% is $500,000. The fixed costs are $112,000. The contribution margin ratio is closest to

A. 42.2%

B. 52.0%

C. 48.0%

D. 60.0%