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Presented is the income statement for Breckinridge Farms for the month of October:
sales: $220,000
cost of goods sold: (114,000)
gross profit: $106,000
operating expenses: (76,000)
operating income: $30,000
Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 30%.
Question A) Rearrange the income statement to the contribution margin format.
Question B) Calculate the company's break even point in terms of sales revenue.
The equivalent taxable yield for Jodie who has a 15 percent marginal tax bracket is ____%
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he consumer has $32 to spend, and the price of X, PX = 4, and the price of Y, PY = 1. How much X and Y should the consumer purchase in order to maximize her utility and How much total utility does the consumer receive?
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Based on the above cost data should product X be discontinued - The directors consider that as product X shows a loss it should be discontinued
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