QUESTION 15 Note, Questions 7-7 - 7-10 all refer to the following: The following is Addison Corporation's contribution format income statement for last month: Sales.......... $1,000,000 Less variable expenses... 700.000 Contribution margin.... ..300,000 Less fixed expenses. .180,000 Net income... $120,000 The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. w What is the company's break-even in units? a. 20,000 units b.0 units O c. 18,000 units O d. 12,000 units QUESTION 16 Note, Questions 7-7 - 7-10 all refer to the following: The following is Addison Corporation's contribution format income statement for last month: Sales............ $1,000,000 Less variable expenses. 700,000 Contribution margin... ...300,000 Less fixed expenses. .180,000 Net income.... .$120,000 The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. if sales increase by 100 units, by how much should net income increase? a. $400 b. $4,800 O c. $1,500 O d. $2,500 QUESTION 33 Note, Questions 7-7-7-10 all refer to the following: The following is Addison Corporation's contribution format income statement for last month: Sales........... $1,000,000 Less variable expenses.. 700,000 Contribution margin..... ..300,000 Less fixed expenses.... .180,000 Net income.... $120,000 The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. How many units would the company have to sell to attain target profitsof $150,000? O a. 22,000 Ob.37,500 O c. 25,000 d. 26,667 QUESTION 39 Note, Questions 7-7-7-10 all refer to the following: The following is Addison Corporation's contribution format income statement for last month: Sales............ $1,000,000 Less variable expenses... 700.000 Contribution margin. 300,000 Less fixed expenses. ..180,000 Net income...... ..$120,000 The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. What is the company's contribution margin ratio? a. 250% b. 150% c. 7096 d. 30%