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Question - Sports-Reps, Inc., represents professional athletes and movie and television stars. The agency had revenue of $12,300,000 last year, with total variable costs of $6,150,000 and fixed costs of $2,050,000.
Required -
1. What is the contribution margin ratio for Sports-Reps based on last year's data? What is the break-even point in sales revenue?
2. What was the margin of safety for Sports-Reps last year?
3. One of Sports-Reps's agents proposed that die firm begin cultivating high school sports stars around the nation. This proposal is expected to increase revenue by $220,000 per year, with increased fixed costs of $108,500. Is this proposal a good idea?
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