Use the following information to answer the next two questions: Gentry, Inc. sells only two products, Product A and Product B. The following data relate to expected sales for the coming period: Product A Product B 30,000 $300,000 $120,000 $73,820 Sales units Sales revenue 20,000 $240,000 Variable costs Fixed costs $140,000 $89,168 How many units of each product are needed for Gentry to breakeven at the given sales mix? (Do not round relevant intermediate calculations, such as percentages). a. 10,980 units of Product A and 16,470 units of Product B b. 5,976 units of Product A and 8,963 units of Product B c. 8,810 units of Product A and 13,215 units of Product B d. 2,166 units of Product A and 17,697 units of Product B e. 17,834 units of Product A and 12,303 units of Product B f. 11,642 units of Product A and 17,463 units of Product B 8. 11,146 units of Product A and 10,546 units of Product B h. None of the above Given their current operating income, by approximately what percentage will Gentry's profits increase if sales increase by 1.50%? (Round final answer in percentages to 2 decimal places) a. 3.33% b. 13.85% c. 2.54% d. 3.59% e. 4.74% f. 2.39% 8. 2.58% h. None of the above

Use the following information to answer the next two questions: Gentry, Inc. sells only two products, Product A and Product B. The following data relate to expected sales for the coming period: Product A Product B 30,000 $300,000 $120,000 $73,820 Sales units Sales revenue 20,000 $240,000 Variable costs Fixed costs $140,000 $89,168 How many units of each product are needed for Gentry to breakeven at the given sales mix? (Do not round relevant intermediate calculations, such as percentages). a. 10,980 units of Product A and 16,470 units of Product B b. 5,976 units of Product A and 8,963 units of Product B c. 8,810 units of Product A and 13,215 units of Product B d. 2,166 units of Product A and 17,697 units of Product B e. 17,834 units of Product A and 12,303 units of Product B f. 11,642 units of Product A and 17,463 units of Product B 8. 11,146 units of Product A and 10,546 units of Product B h. None of the above Given their current operating income, by approximately what percentage will Gentry's profits increase if sales increase by 1.50%? (Round final answer in percentages to 2 decimal places) a. 3.33% b. 13.85% c. 2.54% d. 3.59% e. 4.74% f. 2.39% 8. 2.58% h. None of the above

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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Gentry, Inc. sells only two products, Product A and Product B. The following data relate to expected sales for the coming period: Product A Product BSales units 20,000 30,000Sales revenue $240,000 $300,000Variable costs $140,000 $120,000Fixed costs $89,168 $73,820 16. How many units of each product are needed for Gentry to breakeven at the given sales mix? (Do not round relevant intermediate calculations, such as percentages). a. 10,980 units of Product A and 16,470 units of Product Bb. 5,976 units of Product A and 8,963 units of Product Bc. 8,810 units of Product A and 13,215 units of Product Bd. 2,166 units of Product A and 17,697 units of Product Be. 17,834 units of Product A and 12,303 units of Product Bf. 11,642 units of Product A and 17,463 units of Product B g. 11,146 units of Product A and 10,546 units of Product Bh. None of the above. 17. Given their current operating income, by…
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