Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blossom Inc. is estimating their net income for 2021. They predict that, if they can sell 300 additional units of inventory relative to 2020, their

Blossom Inc. is estimating their net income for 2021. They predict that, if they can sell 300 additional units of inventory relative to 2020, their net income will be $50,000. If their unit contribution margin is $80, how much is the companys net income in 2020?

It says the correct answer is B, please show how to find that.

a. $24,000

b. $26,000

c. $13,333

d. $36,667

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sound Investing, Chapter 10 - One-Time Charges And Other Format Fakes

Authors: Kate Mooney

2nd Edition

0071719326, 9780071719322

More Books

Students also viewed these Accounting questions

Question

What is the persons job (e.g., professor, student, clinician)?

Answered: 1 week ago

Question

Which of the following contains memory allocated by malloc ( ) ?

Answered: 1 week ago

Question

I need answer in 2 steps 3 1 . Question in Chemical Engineering

Answered: 1 week ago

Question

Describe voluntary benefits.

Answered: 1 week ago

Question

Describe the major job evaluation systems.

Answered: 1 week ago