Black Pearl, Inc., sells a single product. The company's most recent income statement is given...
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Black Pearl, Inc., sells a single product. The company's most recent income statement is given below. Sales Less variable expenses Contribution margin Less fixed expenses Net income $100,000 (60,000) 40,000 (10,000) $30,000 a. b. c. d. Contribution margin ratio is? Breakeven point in total sales dollars is? To achieve $50,000 in net income, sales must total? If sales increase by $100,000, net income will increase by
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