Word Problem Question 4: (You have to submit an image of your FULL sólütioh to the question in eConestoga -> Course Tools -> Assignments [Final Exam Submission]) The information below shows the net income based on December sales for Comicon Entertainment Inc. Assume the selling price per unit is $1. Sales $180,000 Fixed Costs $80,600 Total Variable Costs $63,000 Total Costs $143,600 Net Income $36,400 (Show all $ answers in this question rounded (if necessary) to the nearest dollar, no decimal places. Only show decimal places on the Revenue and Cost Functions.) 1. What are the revenue and cost functions? (write them both in the box in any format, I'll mark manually) 2. Using an algebraic method, calculate the break-even point in sales dollars. decimal places. Only show decimal places on the Revenue and Cost Functions.) 1. What are the revenue and cost functions? (write them both in the box in any format, I'll mark manually) 2. Using an algebraic method, calculate the break-even point in sales dollars. 3. Determine net income at a sales volume of $90,000. (make sure to show net income as Negative if it is a Loss) 4. What would be the new break-even point if variable costs were decreased to 20% of sales? Blank # 1 Blank # 2 Blank # 3 Blank # 4
Word Problem Question 4: (You have to submit an image of your FULL sólütioh to the question in eConestoga -> Course Tools -> Assignments [Final Exam Submission]) The information below shows the net income based on December sales for Comicon Entertainment Inc. Assume the selling price per unit is $1. Sales $180,000 Fixed Costs $80,600 Total Variable Costs $63,000 Total Costs $143,600 Net Income $36,400 (Show all $ answers in this question rounded (if necessary) to the nearest dollar, no decimal places. Only show decimal places on the Revenue and Cost Functions.) 1. What are the revenue and cost functions? (write them both in the box in any format, I'll mark manually) 2. Using an algebraic method, calculate the break-even point in sales dollars. decimal places. Only show decimal places on the Revenue and Cost Functions.) 1. What are the revenue and cost functions? (write them both in the box in any format, I'll mark manually) 2. Using an algebraic method, calculate the break-even point in sales dollars. 3. Determine net income at a sales volume of $90,000. (make sure to show net income as Negative if it is a Loss) 4. What would be the new break-even point if variable costs were decreased to 20% of sales? Blank # 1 Blank # 2 Blank # 3 Blank # 4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Word Problem Question 4: (You have to submit an image of your FULL solution
to the question in eConestoga -> Course Tools -> Assignments [Final Exam
Submission])
The information below shows the net income based on December sales for Comicon
Entertainment Inc. Assume the selling price per unit is $1.
Sales
$180,000
Fixed Costs
$80,600
Total Variable Costs $63,000
Total Costs
$143,600
Net Income
$36,400
(Show all $ answers in this question rounded (if necessary) to the nearest dollar, no
decimal places. Only show decimal places on the Revenue and Cost Functions.)
1. What are the revenue and cost functions? (write them both in the box in any
format, I'll mark manually)
2. Using an algebraic method, calculate the break-even point in sales dollars.
decimal places. Only show decimal places on the Revenue and Cost Functions.)
1. What are the revenue and cost functions? (write them both in the box in any
format, l'll mark manually)
2. Using an algebraic method, calculate the break-even point in sales dollars.
3. Determine net income at a sales volume of $90,000. (make sure to show net
income as Negative if it is a Loss)
4. What would be the new break-even point if variable costs were decreased to 20%
of sales?
Blank # 1
Blank # 2
A
Blank # 3
Blank # 4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12418535-ae93-4ab6-9486-3457b6bfbc64%2F9bfcd1c4-107a-4b80-a3c3-f7baa927c978%2Fhorfner_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Word Problem Question 4: (You have to submit an image of your FULL solution
to the question in eConestoga -> Course Tools -> Assignments [Final Exam
Submission])
The information below shows the net income based on December sales for Comicon
Entertainment Inc. Assume the selling price per unit is $1.
Sales
$180,000
Fixed Costs
$80,600
Total Variable Costs $63,000
Total Costs
$143,600
Net Income
$36,400
(Show all $ answers in this question rounded (if necessary) to the nearest dollar, no
decimal places. Only show decimal places on the Revenue and Cost Functions.)
1. What are the revenue and cost functions? (write them both in the box in any
format, I'll mark manually)
2. Using an algebraic method, calculate the break-even point in sales dollars.
decimal places. Only show decimal places on the Revenue and Cost Functions.)
1. What are the revenue and cost functions? (write them both in the box in any
format, l'll mark manually)
2. Using an algebraic method, calculate the break-even point in sales dollars.
3. Determine net income at a sales volume of $90,000. (make sure to show net
income as Negative if it is a Loss)
4. What would be the new break-even point if variable costs were decreased to 20%
of sales?
Blank # 1
Blank # 2
A
Blank # 3
Blank # 4
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