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K7e-27g Company reported the following revenue and cost information for October: Sales revenue $634,000 Variable costs xx ... Fixed costs $234,580 $266,280 K7e-27g Company
K7e-27g Company reported the following revenue and cost information for October: Sales revenue $634,000 Variable costs xx ... Fixed costs $234,580 $266,280 K7e-27g Company re-negotiated it lease beginning in November. The old lease required fixed payments of $36,000 per month. The new lease eliminated these payments and instead required a monthly payment equal to 6% of sales for the month. K7e-27g Company reported sales revenue of $668,000 for the month of November, Calculate the net income reported by K7e-27g Company in November.
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