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2. Change all of the numbers in the data area of your worksheet so that it looks like this: HNMAS 5 6 7 A Chapter 6: Applying Excel Data Unit sales Selling price per unit Variable expenses per unit Fixed expenses Break-even in dollar sales (b) What is the margin of safety percentage? Margin of safety percentage If your formulas are correct, you should get the correct answers to the following questions. (a) What is the break-even in dollar sales? 1 2 ✔Answer is complete and correct. Degree of operating leverage 3 4 ✔ Answer is complete and correct. 20 % S S $ ✔ Answer is complete and correct. (c) What is the degree of operating leverage? (Round your answer to 2 decimal places.) Percentage increase in net operating income 400,000✔ A B 5.00✔ Chapter 6: Applying Excel Data Unit sales 5 Selling price per unit 6 Variable expenses per unit 7 Fixed expenses 240,000 3. Using the degree of operating leverage and without changing anything in your worksheet, calculate the percentage change in net operating income if unit sales increase by 20%. 10,000 units ✔ Answer is complete and correct. Net operating income (loss) 4. Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area looks like this: 50 per unit 20 per unit с S 120,000✔ Percentage increase in net operating income B Answer is complete and correct. 100 % 12,000 units S S $ 240,000 (a) What is net operating income? (Negative amount should be indicated by a minus sign.) с 50 per unit 20 per unit (b) By what percentage did the net operating income increase? X Answer is complete but not entirely correct. %

2. Change all of the numbers in the data area of your worksheet so that it looks like this: HNMAS 5 6 7 A Chapter 6: Applying Excel Data Unit sales Selling price per unit Variable expenses per unit Fixed expenses Break-even in dollar sales (b) What is the margin of safety percentage? Margin of safety percentage If your formulas are correct, you should get the correct answers to the following questions. (a) What is the break-even in dollar sales? 1 2 ✔Answer is complete and correct. Degree of operating leverage 3 4 ✔ Answer is complete and correct. 20 % S S $ ✔ Answer is complete and correct. (c) What is the degree of operating leverage? (Round your answer to 2 decimal places.) Percentage increase in net operating income 400,000✔ A B 5.00✔ Chapter 6: Applying Excel Data Unit sales 5 Selling price per unit 6 Variable expenses per unit 7 Fixed expenses 240,000 3. Using the degree of operating leverage and without changing anything in your worksheet, calculate the percentage change in net operating income if unit sales increase by 20%. 10,000 units ✔ Answer is complete and correct. Net operating income (loss) 4. Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area looks like this: 50 per unit 20 per unit с S 120,000✔ Percentage increase in net operating income B Answer is complete and correct. 100 % 12,000 units S S $ 240,000 (a) What is net operating income? (Negative amount should be indicated by a minus sign.) с 50 per unit 20 per unit (b) By what percentage did the net operating income increase? X Answer is complete but not entirely correct. %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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of 2 2. Change all of the numbers in the data area of your worksheet so that it looks like this: 1 2 3 4 5 6 7 Chapter 6: Applying Excel A Data Unit sales Selling price per unit Variable expenses per unit Fixed expenses Break-even in dollar sales If your formulas are correct, you should get the correct answers to the following questions. (a) What is the break-even in dollar sales? ✔ Answer is complete and correct. (b) What is the margin of safety percentage? Margin of safety percentage 6 7 Degree of operating leverage ✔ Answer is complete and correct. 20✔ % ✔ Answer is complete and correct. 400,000✔ (c) What is the degree of operating leverage? (Round your answer to 2 decimal places.) Percentage increase in net operating income Data Unit sales 1 Chapter 6: Applying Excel 2 3 4 5 Selling price per unit $ $ $ 240,000 A B 5.00✔ 3. Using the degree of operating leverage and without changing anything in your worksheet, calculate the percentage change in net operating income if unit sales increase by 20%. 10,000 units Variable expenses per unit Fixed expenses ✔ Answer is complete and correct. 4. Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area looks like this: Net operating income (loss) 50 per unit 20 per unit с S 120,000 ✓ B Percentage increase in net operating income ✔ Answer is complete and correct. 100 % $ $ $ 240,000 12,000 units (a) What is net operating income? (Negative amount should be indicated by a minus sign.) с 50 per unit 20 per unit (b) By what percentage did the net operating income increase? X Answer is complete but not entirely correct. %
Transcribed Image Text:of 2 2. Change all of the numbers in the data area of your worksheet so that it looks like this: 1 2 3 4 5 6 7 Chapter 6: Applying Excel A Data Unit sales Selling price per unit Variable expenses per unit Fixed expenses Break-even in dollar sales If your formulas are correct, you should get the correct answers to the following questions. (a) What is the break-even in dollar sales? ✔ Answer is complete and correct. (b) What is the margin of safety percentage? Margin of safety percentage 6 7 Degree of operating leverage ✔ Answer is complete and correct. 20✔ % ✔ Answer is complete and correct. 400,000✔ (c) What is the degree of operating leverage? (Round your answer to 2 decimal places.) Percentage increase in net operating income Data Unit sales 1 Chapter 6: Applying Excel 2 3 4 5 Selling price per unit $ $ $ 240,000 A B 5.00✔ 3. Using the degree of operating leverage and without changing anything in your worksheet, calculate the percentage change in net operating income if unit sales increase by 20%. 10,000 units Variable expenses per unit Fixed expenses ✔ Answer is complete and correct. 4. Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area looks like this: Net operating income (loss) 50 per unit 20 per unit с S 120,000 ✓ B Percentage increase in net operating income ✔ Answer is complete and correct. 100 % $ $ $ 240,000 12,000 units (a) What is net operating income? (Negative amount should be indicated by a minus sign.) с 50 per unit 20 per unit (b) By what percentage did the net operating income increase? X Answer is complete but not entirely correct. %
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