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Anglico's most recent income statement is given below. Sales (8,000 units) Less variable expenses Contribution margin Less fixed expenses Net income $160,000 (68,000 92,000 (50,000
Anglico's most recent income statement is given below. Sales (8,000 units) Less variable expenses Contribution margin Less fixed expenses Net income $160,000 (68,000 92,000 (50,000 $42,000 Required: a. Compute the contribution margin ratio b Compute the breakeven point in total sales dollars c. Compute the total sales if Anglico wishes to achieve $90,000 in net income d. IfAnglico's sales increase by $100,000, what will net income increase by
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