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Adam Granger operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for
Adam Granger operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $31 and sells them for $37. Adams current breakeven point is 25,050 hats per year. His contribution margin is $6 per unit.
Assume that Adams fixed costs, variable costs, and sales price were the same last year, when he made $35,070 in net income. How many hats did Adam sell last year, assuming a 30% income tax rate
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