Maria has a lot of self-confidence and business knowledge. she recently opened a bakery as a sole proprietor. she is expecting a high level of profits and is looking forward to: a. keeping all of the money she earns since she does not have to pay taxes as a sole proprietor.
b. keeping all of the money she earns except for the taxes she is required to pay.
c. easily raising additional large sums of money from the capital markets since she is a sole proprietor.
d. the lower corporate tax rate paid by sole proprietorships.

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.