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Deckyard Company distributes a lightweight lawn chair that sells for $80 per unit. Variable expenses are $40.00 per unit, and fixed expenses total $180,000 annually.
The company estimates that sales will increase by $53,000 during the coming year due to increased demand. By how much should net operating income increase?
1,080,000
900,000
The president expects sales to increase by 14% next year. By how much should net operating income increase?
Refer to the original data. Assume that the company sold 37,500 units last year. The sales manager is convinced that a 11% reduction in the selling price, combined with a $63,000 increase in advertising expenditures, would increase annual unit sales by 50%.
Prepare two contribution format income statements, one showing the results of last year's operations and one showing what the results of operations would be if these changes were made. (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places. Input all amounts as positive values except losses which should be indicated by minus sign.)
Last Year 37,500 units
Proposed units
Refer to the original data. Assume again that the company sold 37,500 units last year. The president feels that it would be unwise to change the selling price. Instead, he wants to increase the sales commission by $2.50 per unit. He thinks that this move, combined with some increase in advertising, would double annual unit sales. By how much could advertising be increased with profits remaining unchanged? Do not prepare an income statement; use the incremental analysis approach.
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 50,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share di..
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Cameron Bly is a sales manager for an automobile dealership-Does the warranty accrual decision create any ethical dilemma for Bly? Since warranty expenses vary, what percent do you think Bly should choose for the current year? Justify your response.
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