finance (net income)
posted by Jason .
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?
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???