ture.com/courses/31130/quizzes/231666/take/questions/4618603 Korniakov Industries specializes in premium caviar. Last year's financial data is shown below: Sales (10,000 units) (Variable Costs) Contribution Margin (Fixed Costs) Net Income $ 500,000 (100.000) 400,000 (360.000) $ 40,000 Which of the following statements is false? 1. Breakeven in dollars is $450,000 2. Margin of Safety in units is 1,000 units 3. If Sales increase 6% next period, net income should increase 24% 4. To earn a profit of $120,000, the company would need to sell 12,000 units of caviar O Statement #4 O All of the Statements are false Statement #3 O None of the Statements are false Statement #1 Both Statement #3 and 84 Statement #2 Previous Next