Prepare Income Statements for Varying Sale Amounts
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Company A Company B Company C
Sales (10 Units) $600 $600 $600
Less Variable Cost 400 250 0
Less fixed Income 100 250 500
Net Income $100 $100 $100
a) Prepare new income statements for the firms assuming each sells one unit less (i.e. each firm sells 9 units).
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Solution Summary
The solution prepares income statements for varying sale amounts for three different companies.
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