A company has provided the following data: Sales Sales price Variable cost Fixed cost If the dollar contribution margin per unit is increased by 10%, total fixed cost is decreased by 20%, and all other factors remain the same, net income will: 3,000 units |$70 per unit $50 per unit $25,000 increase by $11,000. O Increase by $3,500. O increase by $20.000. O increase by $61.000,

A company has provided the following data: Sales Sales price Variable cost Fixed cost If the dollar contribution margin per unit is increased by 10%, total fixed cost is decreased by 20%, and all other factors remain the same, net income will: 3,000 units |$70 per unit $50 per unit $25,000 increase by $11,000. O Increase by $3,500. O increase by $20.000. O increase by $61.000,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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