Question 6 Not yet XYZ Company's single product has a selling price of $15 per unit. The fixed expenses were $120,000. This year the company reported a net operating income of $60,000. If sales are predicted to increase by 10% next year, how much would the increase in profits be in ($)? answered Marked out of 100 Remove flag Select one: O a. 6,000 b.18,000 O c.9,000 d. No change in income e. 6,000 XYZ Company is currently selling its single product for $15. Variable costs are estimated to remain at 70% of the current selling price and fixed costs are estimated to be $4,800 per month. If XYZ increases its selling price by 10%, its contribution margin ratio will: Select one: a. Cannot determine with the information given, b. increase c.not change. Cd. None of the given answers. e decrease