A company that manufactures monitors has fixed costs of $78,000 per annum. The variable costs are 34% of sales and the profit is $56,000. When the selling price was reduced by 15%, the sales volume increased by 25%. a. What was the original sales revenue? Round to the nearest cent b. What were the original variable costs? Round to the nearest cent c. What is the new sales revenue? Round to the nearest cent d. What are the new variable costs? Round to the nearest cent e. What is the amount of change In net income? Round to the nearest cent. Use a negative sign to represent a loss
A company that manufactures monitors has fixed costs of $78,000 per annum. The variable costs are 34% of sales and the profit is $56,000. When the selling price was reduced by 15%, the sales volume increased by 25%. a. What was the original sales revenue? Round to the nearest cent b. What were the original variable costs? Round to the nearest cent c. What is the new sales revenue? Round to the nearest cent d. What are the new variable costs? Round to the nearest cent e. What is the amount of change In net income? Round to the nearest cent. Use a negative sign to represent a loss
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.4: Cicumference And Area Of A Cicle
Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...
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A company that manufactures monitors has fixed costs of $78,000 per annum. The
variable costs are 34% of sales and the profit is $56,000. When the selling price was
reduced by 15%, the sales volume increased by 25%.
a. What was the original sales revenue?
Round to the nearest cent
b. What were the original variable costs?
Round to the nearest cent
c. What is the new sales revenue?
Round to the nearest cent
d. What are the new variable
costs?
Round to the nearest cent
e. What is the amount of change In net income?
Round to the nearest cent. Use a negative sign to represent a loss
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