Benny Books sells first edition books. Benny purchases the books from his supplier for $100 abook and sells them through his website for $225 a book. Benny's fixed costs are $48,375.Benny's breakeven point in sales dollars is nearest toO $195,750.O $60,300.O $87,075.O $156,600.Previous PageNext PagePage 16 of 40QuestionChildren's World Toy Shop is an on-line toy store specializing in hand made stuffed animals.Children's World sold 4,000 Donny the Dragon stuffed toys during April and 6,000 duringMay. Shipping costs for the two months were $12,000 and $16,800 respectively. Using thesetwo months' data, the shipping cost function is best estimated asO (S2.40 x number of toys sold) + $2.400O ($3 x number of toys sold) + $2,880O($0.50 x number of toys sold) + $10,000O($2 x number of toys sold) + $70,000 A company with a high operating leverage will experienceThe same percentage change in operating income as a result of a percentage change insales.A large percentage change in operating income as a result of a small percentage change insales.OA small percentage change in operating income as a result of a small percentage change insales.A small percentage change in operating Income as a result of a large percentage change insales.Quest 5points)Callicott Corporation produces a product that sells for $120 per unit. The product's currentsales are 25,400 units and its break-even sales are 16,000 units.The margin of safety as a percentage of sales is closest to:O 37%73%63%O 27%

Benny Books sells first edition books. Benny purchases the boöks from His supplier book and sells them through his website for $225 a book. Benny's fixed costs are $48,375. Benny's breakeven point in sales dollars is nearest to O $195,750. O $60,300. O $87,075. O $156.600. Previous Page Next Page Page 16 of 40

Benny Books sells first edition books. Benny purchases the boöks from His supplier book and sells them through his website for $225 a book. Benny's fixed costs are $48,375. Benny's breakeven point in sales dollars is nearest to O $195,750. O $60,300. O $87,075. O $156.600. Previous Page Next Page Page 16 of 40

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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