Monday
September 22, 2014

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???

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance (firm's net income) - If a firm has a break-even point of 20,000 units ...
Accounts - A manufacturing Company produces 2 products A and B. The following ...
FINANCE - Need help on this Study Problem. Chevy's Manufacturing has fixed costs...
Finance - Allison Radios manufactures a complete line of radio and communication...
Business Finance - Immediate help needed for the following two questions: 15-12A...
Accounting - CollegePak Company produced and sold 60,000 backpacks during the ...
managerial accounting - For year ended December 31, 2006, firm a produced and ...
principles of finance - You are considering the of xyz company's perpetual ...
stats - Hess, Inc. sells a single product with a contribution margin of $12 per ...
Accounting - Hess, Inc. sells a single product with a contribution margin of $12...

Search
Members