I just need help on the last part (1) & (2)

Com Alrways, 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 y commuters from Com'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-prot income statement. Fare revenues (400 passenger ights) $48,000 Variable costs Fuel $14,000 Snacks and drinks 800 Landing fees 2,000 Supplies and forms 1,200 18,000 Contribution margin 30,000 Fixed costs Depreciation 3,000 Salaries 15,000 Advertising 500 Airport hanger fees 1,750 20,250 Net income $9,750 Calculate the break-even point in dollars. Calculate the break-even point in number of passenger ights. Break-even point 270 ights Without calculations, determine the contribution margin at the break-even point. Break-even point $ 20,250 If ticket prices were decreased by 10%, passenger ights would increase by 25%. However, total variable costs would increase by the same percentage as passenger ights. (1) How much would net income be impacted by this change? Net income to $ (2) Should the ticket price decrease be adopted? |:|