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1.ABC has fixed costs of $4,000, a selling price of $10 and a contribution margin ratio of 0.4. a.What is the break-even point for ABC

1.ABC has fixed costs of $4,000, a selling price of $10 and a contribution margin ratio of 0.4.

a.What is the break-even point for ABC in units?

b.What sales would be needed to earn a profit of $2,000?

What would be the profit if fixed costs rose by $1,000 and sales were $20,000?

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