Daniel Jackson, president of Blossom Recreation Products, Inc., is concerned about declines that he is beginning to see in the demand for the company's line of old school logo basketballs as new competitors enter the market. At a current contribution margin of $10, the company must sell 84,000 basketballs to generate the desired $240,000 in annual operating income. Based on a recent market research report, Daniel thinks the company can expect annual sales of only 70,000 basketballs in the future. (a) What is Daniel's current level of fixed expenses? Current level of fixed expenses $ eTextbook and Media (b) Your answer is correct. What is Daniel's current breakeven point? Current breakeven point basketballs Attempts: 1 of 3 used eTextbook and Media Assistance Used Solution Attempts: 3 of 3 used (c) If Daniel wants to earn $201,250 in annual net income, how many basketballs must he sell? Assume 30% tax rate. basketballs Daniel Jackson, president of Blossom Recreation Products, Inc., is concerned about declines that he is beginning to see in the demand for the company's line of old school logo basketballs as new competitors enter the market. At a current contribution margin of $10, the company must sell 84,000 basketballs to generate the desired $240,000 in annual operating income. Based on a recent market research report, Daniel thinks the company can expect annual sales of only 70,000 basketballs in the future. (a) What is Daniel's current level of fixed expenses? Current level of fixed expenses $ eTextbook and Media (b) Your answer is correct. What is Daniel's current breakeven point? Current breakeven point basketballs Attempts: 1 of 3 used eTextbook and Media Assistance Used Solution Attempts: 3 of 3 used (c) If Daniel wants to earn $201,250 in annual net income, how many basketballs must he sell? Assume 30% tax rate. basketballs