The following income statements are provided for two companies operating in the same industry: Felix Company
Jinx Company Revenue $ 200,000 $ 200,000
Variable costs (25,000 ) (70,000 )
Contribution margin 175,000 130,000
Fixed costs (70,000 ) (25,000 )
Net income $ 105,000 $ 105,000
Assuming sales increase by $1,000, select the correct statement from the following:
a) Felix's net income will be more than Jinx's.
b) Correct Only Felix will experience an increase in profit.
c) Felix's net income will increase by $250.
d) Jinx's net income will increase by 6%.

Felix's net income will be more than Jinx's.

Explanation:

Bases on the information given, Felix net income will be:

Sales = 201000

Less: Variable cost = 25125

Contribution margin = 175875

Less: Fixed cost = 70000

Net income = 105875

Jinx company net income will be:

Sales = 201000

Less: Variable cost = 70350

Contribution margin = 130650

Less: Fixed cost = 25000

Net income = 105650

From the calculation, the correct option is A "Felix's net income will be more than Jinx's". It increases by $225.

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation: