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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 (31,500) 178,500 (82,110) $ 96,390 Jinx Company $210,000 (82,110) 127,890 (31,500) $ 96,390 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 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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