Black Pearl, Inc., sells a single product. The company's most recent income statement is given below. Sales$100,000
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Question:
Black Pearl, Inc., sells a single product. The company's most recent income statement is given below.
Sales$100,000
Less variable expenses(60,000)
Contribution margin40,000
Less fixed expenses(10,000)
Net income$30,000
a.Contribution margin ratio is?
b.Breakeven point in total sales dollars is?
c.To achieve $50,000 in net income, sales must total?
d.If sales increase by $100,000, net income will increase by?
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