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What is the income statement for the following? 1. what is the companies break even point in sales dollars? 2. what is the companies break
What is the income statement for the following?
Safe Harbor Company prepared the following income statement for 2020 in a contribution margin format: \begin{tabular}{|l|r|} \hline Sales Revenue (20,000 units) & $600,000 \\ \hline Variable Expenses & \multicolumn{3}{|c|}{360,000} \\ \hline Contribution Margin & 240,000 \\ \hline Fixed Expenses & 150,000 \\ \hline Net Income & $90.000 \\ \hline \end{tabular} 1. what is the companies break even point in sales dollars?
2. what is the companies break even point in UNITS?
3. what would sales in DOLLARS have to be for the company to earn an income of $150,000?
4. If the company increases sales by 25% what dollar amount of net income would it make?
5.How much sales in dollars would the company have to generate to make a target net income of 160,000? round to the nearest dollar
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