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The following income statements are provided for two companies operating in the same industry: Revenue Variable costs Contribution margin Fixed costs Net income Felix Company
The following income statements are provided for two companies operating in the same industry: Revenue Variable costs Contribution margin Fixed costs Net income Felix Company $210,000 (37,800) 172,200 (80,934) $ 91,266 Jinx Company $210,000 (80,934) 129,066 (37,800) $ 91,266 Assuming sales increase by $1,050, select the correct statement from the following: Multiple Choice Felix's net income will be more than Jinx's Only Fell wil experience an increase in profit Felly's net income will increase by $250. Multiple Choice Felix's net income will be more than Jinx's. Only Felix will experience an increase in profit. Felix's net income will increase by $250. Jinx's net income will increase by 6%
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