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Calculate the net income

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Question - Advanced Microcomputer Systems had annual sales of $31,979,000 with total variable costs of $20,934,000 and total fixed costs of $6,211,000.

a. What is the company's contribution rate?

b. What annual revenue is required to break even?

c. In the following year, a competitor dealt a severe blow to sales and total revenues dropped to $15,000,000. Calculate the net income.

Reference no: EM133185173

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