Question 1 of 1 0 / 100 III View Policies Show Attempt History Current Attempt in Progress Blossom Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statement for the year ending December 31, 2022, is as follows. BLOSSOM BEAUTY CORPORATION Income Statement For the Year Ended December 31, 2022 Sales $70,000,000 Cost of goods sold Variable $30,100,000 Fixed 8,500,000 38,600,000 $31,400,000 Gross profit Selling and marketing expenses Commissions $12,600,000 Fixed costs 10,001,600 22,601,600 Operating income $8,798,400 The company is considering hiring its own sales staff to replace the network of agents. It will pay its salespeople a commission of 7% and incur additional fixed costs of $7,700,000. a) (a) Your answer is incorrect. Under the current policy of using a network of sales agents, calculate the Blossom Beauty Corporation's break-even point in sales dollars for the year 2022. Break-even point $ d) (d) Calculate the sales dollars that would generate an identical net income for the year ending December 31, 2022, regardless of whether Blossom Beauty Corporation employs its own sales staff and pays them an 7% commission or continues to use the independent network of agents. Estimated sales volume $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit