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    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.