Knowledge Check 01 Consider the following information from the income statement of Arlington-Company: Management expects the-company's sales of 2,000 units to decrease to 1,800 units. Which of the following equations can be used to determine the revised profit? Profit =(PQVQ) Fixed expenses Profit = Unit CMQ Fixed expenses Profit =(CM ratio Sales ) Fixed Expenses Any of the three profit equations can be used to determine the revised profit. Knowledge Check 02 Consider the following information from the income statement of Ashbrook Company: If sales increase from 1,000 units to 1,500 units, what is the company's revised profit amount? $25,000$55,000$15,000$45,000 Knowledge Check 04 Portsmouth Corporation has a single product; the product selling price is $100 and its contribution margin ratio is 40%. The company's fixed expenses are $10,000. What is the company's break-even point in sales dollars? $250 $2,500 $25,000 $16,667