Question: Question 30 5 pts Note: Expand your browser window to full screen to see the full table below properly. Paddington Company sells three products in
Question 30 5 pts Note: Expand your browser window to full screen to see the full table below properly. Paddington Company sells three products in its retail stores: teddy bears, baby dolls, and blocks. Results for the year are below: Teddy Bears Baby Dolls Blocks Total Revenue $35,000 $43,000 $26,000 $104,000 Variable costs 28,000 28,000 16,000 72,000 Fixed costs 8,000 7,000 7,000 22.000 Net income (loss) $ (1.000) $ 8.000 $ 3.000 $ 10,000 Paddington is considering discontinuing the Teddy Bears product. Assuming 50% of the fixed costs could be eliminated with the product, by what amount would total net income increase or decrease if the Teddy Bears were eliminated? Provide numerical response only, no comma or dollar sign needed. "Make sure to use a negative sign if net income would decrease. -3,000 - Previous
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
