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Here is last year's income statement for Trotter Industries: Revenue ................... $ 160,000 Variable Costs ............ 40,000 Fixed Costs ............... 150,000 Net Loss .................. $
Here is last year's income statement for Trotter Industries: Revenue ................... $ 160,000 Variable Costs ............ 40,000 Fixed Costs ............... 150,000 Net Loss .................. $ (3 0,000) a. Did Trotter operate exactly AT its m point, ABOVE the m point, or BELOW the breakeyen point last year? Explain how you decided. b. Find Trotter's breakeven point in 33. c. Does the answer you found in part b represent dollars of cost or dollars of revenue? d. If Trotter wants to make a net income of $100,000 this coming year, assuming its cost structure remains the same, how much revenue will it have to earn? e. In order to calculate how many units of its product is indicated by your answer to part d, what additional piece of information would you need
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