Question: Sales Less variable expenses Contribution margin Less fixed expenses Net income The following is Tucker Inc.'s contribution format income statement for last month: The

Sales Less variable expenses Contribution margin Less fixed expenses Net income The following is Tucker Inc.'s contribution format income statement for last month: The company has no beginning or ending inventories. The company produced and sold 12,000 units last month. If the number of units sold increases by 20%, how much will net income increase? $700,000 200.000 500,000 300.000 $200,000

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