Alpha Electronics has the following income statement: Sales 400,000...
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Accounting
Alpha Electronics has the following income statement:
| Sales | 400,000 |
| Total variable costs | 240,000 |
| Contribution margin | 160,000 |
| Fixed costs | 140,000 |
| EBIT | 20,000 |
Calculate the new EBIT and percent change, assuming:
Sales increase by 20%
Sales decrease by 20%
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