What are the contribution margin and net income, Accounting Basics

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What are the contribution margin and net income

Thomas Company has total fixed costs of $360,000 and variable costs of $14 per unit. If the unit sales price is reduced from $24 to $20 and advertising is increased by $10,000, sales will increase from 40,000 to 65,000 unit. What are the contribution margin and net income under the current conditions?

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Accounting Basics: What are the contribution margin and net income

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Accounting Basics: What are the contribution margin and net income

Reference No:- TGS079664

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Recent Questions Asked Accounting Basics

Q : Provide a remediation recommendation for a potential

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What are the contribution margin and net income

Reference No:- TGS079664

Recent Questions Asked Accounting Basics

Q : Provide a remediation recommendation for a potential

Q : What is the amount of the amortization deduction for 2010

Q : Information technology and computers are used in business

Q : Partners tax year-ends

Q : What are the contribution margin and net income

Q : How much will hale save or lose if the cases are bought

Q : What is the intent of regulatory compliance

Q : Direct labor cost per unit to make the lamp shades

Q : What is the number of juices per day

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