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If a company is currently operating at its breakeven point, which of the following statements is true? Multiple Choice 1 0 if fixed costs increase,
If a company is currently operating at its breakeven point, which of the following statements is true? Multiple Choice 1 0 if fixed costs increase, net income will decrease by the contribution margin ratio times the amount of the increase in fixed costs. 0 if sales increase by 20%, net income will also increase by 20%, assuming that fixed costs are not equal to zero. 0 if variable costs double, net income will decrease by 50%. 0 if sales decrease, net income will decrease by the decrease in the number of units sold times the contribution margin per unit
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