number of units are not given Below is an income...
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number of units are not given
Below is an income statement for Bolton Company as of 12/31/2020: Sales $500,000 Variable costs (100,000) Contribution margin $400,000 Fixed costs (300,000) Net Income $100,000 116. Based on the cost and revenue structure on the Bolton income statement, what was Bolton's break-even point in dollars (using the Y-formula)? a. b. $200,000 $375,000 $400,000 $250,000 c. d. I 16. 17. What was Bolton's margin of safety (rounded to the nearest whole number)? a. b. 35% 30% 25% 20% c. d. 27. 18. What is Bolton's degree of leverage (DOL) for 2020
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