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Really need help with all questions! Problem 3-33 Adam Granger operates a kiosk in downtown Chicago, at which he sells one style of baseball hat.
Really need help with all questions!
Problem 3-33 Adam Granger operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $36 and sells them for $42. Adam's current breakeven point is 18,150 hats per year. Calculate contribution margin per unit. Contribution margin per unit $ LINK TO TEXT LINK TO TEXT LINK TO VIDEo What is Adam's current level of fixed costs? (Use the rounded contribution margin per unit calculated in the previous part.) Current level of fixed costs $ LINK TO TEXT LINK TO TEXT LINK TO VIDEO Assume that Adam's fixed costs, variable costs, and sales price were the same last year, when he made $25,410 in net income. How many hats did Adam sell last year, assuming a 30% income tax rate? (Use the rounded contribution margin per unit calculated in the previous part.) hatsStep by Step Solution
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