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August 30, 2015

Homework Help: finance (net income)

Posted by Jason on Saturday, July 26, 2008 at 4:22am.

If a firm has a break-even point of 20,000 units and the contribution margin on the firm's single product is $3.00 per unit and fixed costs are $60,000, what will the firm's net income be at sales of 30,000 units?

A. $90,000
B. $30,000
C. $15,000
D. $45,000

the firm's cost at 20,000 units is $60,000. The firm's cost at 30,000 units is $90,000

net income at 30,000 unit sales is...
net income = total sales - total expenses

$30,000 = $90,000 - $60,000

B is my final answer....Is this correct???

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