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The following income statements are provided for two companies operating in the same industry: Felix Jinx Company Company 209,000 (50,160) 209,000 Revenue (87,362) Variable costs
The following income statements are provided for two companies operating in the same industry: Felix Jinx Company Company 209,000 (50,160) 209,000 Revenue (87,362) Variable costs Contribution margin 158,840 121,638 (87,362) (50,160) Fixed costs $71,478 Net income 71,478 Assuming sales increase by $1,045, select the correct statement from the following: Multiple Choice Felix's net income will be more than Jinx's 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 innicome will increase by 6%
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