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Fill in the blank box for how much net income increases to. Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance

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Fill in the blank box for how much net income increases to.

Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. Both planes seat 10 passengers each, and they fly commuters from Comfi's base airport to the major city in the state, Metropolis. Each month, 40 round-trip flights are made. Shown below is a recent month's activity in the form of a cost-volume-profit income statement. Fare revenues (400 passenger flights) Variable costs $48,000 Fuel Snacks and drinks Landing fees Supplies and forms $15,290 710 2,000 19,200 28,800 Contribution margin Fixed costs Depreciation Salaries Advertising Airport hanger fees 3,000 16,550 300 1,750 21,600 $7,200 Net income If ticket prices were decreased by 10%, passenger flights would increase by 25%. However, total variable costs would increase by the same percentage as passenger flights. (1) How much would net income be impacted by this change? increases Y Net income to

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