Jeffrey's,Inc.,sells a single product.The company's most recent income statement is given below.

Required:
a.Contribution margin ratio is _______________
b.Break-even point in total sales dollars is _______________
c.To achieve $40,000 in net income,sales must total _______________
d.If sales increase by $50,000 from a $200,000 level,
net income will increase by _______________

Question

Jeffrey's,Inc.,sells a single product.The company's most recent income statement is given below.
  
Required:
a.Contribution margin ratio is _______________
b.Break-even point in total sales dollars is _______________
c.To achieve $40,000 in net income,sales must total _______________
d.If sales increase by $50,000 from a $200,000 level,
net income will increase by _______________

Quizplus · Accepted Answer

The Answer of Jeffrey's,Inc.,sells a single product.The company's most recent income statement is given below.
  
Required:
a.Contribution margin ratio is _______________
b.Break-even point in total sales dollars is _______________
c.To achieve $40,000 in net income,sales must total _______________
d.If sales increase by $50,000 from a $200,000 level,
net income will increase by _______________