2. Suppose that sales are 5% nigner as snown below: A 1 Chapter 1: Applying Excel 2 3 Data 4 Sales Variable costs: 5 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs: 10 11 Fixed selling Fixed administrative $ 96,600 $ $ $ B $ $ 48,300 4,830 4,620 2,500 1,500 Enter these new data into your worksheet. Make sure you enter all of the new data - not just the sales. a. What is the gross margin now? b. What is the net operating income now? c. What is the contribution margin now? d. When sales increase by 5%, which of the following should also increase by 5% in a merchandising company? e. When sales increase by 5%, which of the following should increase by more than 5% in a merchandising company?

2. Suppose that sales are 5% nigner as snown below: A 1 Chapter 1: Applying Excel 2 3 Data 4 Sales Variable costs: 5 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs: 10 11 Fixed selling Fixed administrative $ 96,600 $ $ $ B $ $ 48,300 4,830 4,620 2,500 1,500 Enter these new data into your worksheet. Make sure you enter all of the new data - not just the sales. a. What is the gross margin now? b. What is the net operating income now? c. What is the contribution margin now? d. When sales increase by 5%, which of the following should also increase by 5% in a merchandising company? e. When sales increase by 5%, which of the following should increase by more than 5% in a merchandising company?

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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