Assume that a business’s balance sheet reports total assets of $500,000 and total liabilities of $300,000. now assume that $20,000 of net fixed assets (net plant and equipment) are written off due to technological obsolescence. all else the same, what is the total equity of the business after the write-off?

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%.