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The information below shows the net income based on December sales for Comicon Entertainment Inc. Assume the selling price per unit is $1. $165,000 Sales
The information below shows the net income based on December sales for Comicon Entertainment Inc. Assume the selling price per unit is $1. $165,000 Sales Fixed Costs $64,600 Total Variable costs $52,800 Total Costs Net Income $117,400 $ 47,600 (Show all $ answers in this question rounded (if necessary) to the nearest dollar, no decimal places. Only show decimal places on the Revenue and Cost Functions.) 1. What are the revenue and cost functions? (write them both in the box in any format, I'll mark manually) 2. Using an algebraic method, calculate the break-even point in sales dollars. 3. Determine net income at a sales volume of $80,000. (make sure to show net income as Negative if it is a Loss) 4. What would be the new break-even point if variable costs were increased to 60% of sales? Blank # 1 A/ Blank # 2 A/ Blank # 3 A/ Blank #4 A/
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