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Analysis of the firm recent financial statements

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Question - Baker Optical Shop has been in operation for several years. Analysis of the firm's recent financial statements and records reveal the following:

Average Selling price per pair of glasses $70

Variable expenses per pair:

Lenses and frames $28

Sales commission 12

Variable overhead 8

Annual fixed costs:

Selling expenses $18,000

Administrative expenses 48,000

The company's effective tax rate is 40 percent. Sara's Baker, company president, has asked you to help her answer the following questions about the business.

 

Reference no: EM132921260

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