The records of Gemini Company show a contribution margin ratio of 25% The company desires to earn a profit of $35,000 and has fixed costs of $70,000. What sales revenue would have to be generated in order to earn the desired profit? Mutbiple Choice 5280 000 $110.000 5140,000 5420,000 The magnitude of operating leverage for Forbes Corporation is 2 2 when sales are $140,000 and net income is $18,000. If sales increase by 5%, what is net income expected to be? Multiple Choice $18.900 57.900 522.000 $19,900 A product has a contribution margin of $4 per unit and a selling price of $30 per unit. Fixed costs are $28,000. Assuming new technology increases the unit contribution margin by 60 percent but increases totalfixed costs by $10,400, what is the new break-even point in units? Multiple Choice 5040 units 7000 units 6000 un 5,200 unite Acme Company has variable costs equal to 40% of sales. The company is considering a proposal that will increase sales by $18,000 and total fixed costs by $10,800 By what amount will net income increase? Multiple Choice 510.800 c $7.200 50 $3.600