Question

The information below shows the net income based on December sales for Comicon Entertainment Inc. Assume the selling price per unit is $1. Sales $195,000 Fixed Costs $79,200 Total Variable Costs $54,600 Total Costs $133,800 Net Income $ 61,200 (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. 3. Determine net income at a sales volume of $100,000. (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?

          The information below shows the net income based on December sales for Comicon Entertainment Inc. Assume the selling price per unit is $1.

Sales $195,000
Fixed Costs $79,200
Total Variable Costs $54,600
Total Costs $133,800
Net Income $ 61,200

(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.

3. Determine net income at a sales volume of $100,000. (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?

The information below shows the net income based on December sales for Comicon Entertainment Inc. Assume the selling price per unit is 1.

Sales195,000
Fixed Costs 79,200
Total Variable Costs54,600
Total Costs 133,800
Net Income 61,200

(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.

3. Determine net income at a sales volume of100,000. (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?

Added by Jennifer B.

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