1) Booble, Inc. has a contribution margin ratio of 45%. This month, sales revenue was $200,000, and profit was $40,000. How much are Booble's fixed costs? 2)Arnold Corp has a selling price of $15, variable costs of $10 per unit, and fixed costs of $25,000. Contribution margin is $60,000. How many units did Arnold sell? 3)Last month Karina Company had a $60,000 profit on sales of $300,000. Fixed costs are $120,000 a month. What sales revenue is needed for Calico to break even? 4)Frank Corp sells units for $50, has unit variable costs of $20, and fixed costs of $300,000. If Frank sells 15,000 units, what is its degree of operating leverage? 5)Emille Corp has a selling price of $20 per unit, variable costs of $10 per unit, and fixed costs of $100,000. How many units must be sold to break even? 6)Nadine Inc. has a variable cost ratio of 70% and fixed costs of $90,000. What sales revenue is needed to generate a $120,000 profit? 7)It costs Seliber, Inc. $65 per unit to manufacture 1,000 units per month of a product that it can sell for $75 each. Alternatively, Seliber could sell the units at an earlier stage of processing, which would save $30 per unit. Seliber could sell the simpler product for $50 each. How would selling the simpler product affect Seliber's profit? 8)It costs Bodhis, Inc. $70 per unit to manufacture 1,000 units per month of a product that it can sell for $100 each. Alternatively, Bodhis could process the units further into a more complex product, which would cost an additional $40 per unit. Bodhis could sell the more complex product for $145 each. How would processing the product further affect Bodhis's profit? 9)Jimble Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $250,000. The equipment will have an initial cost of $1,300,000 and have an 8 year life. There is no salvage value for the equipment. If the hurdle rate is 10%, what is the internal rate of return? Ignore income taxes. 10)Hiawatha Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $200,000. The equipment will have an initial cost of $900,000 and have a 6 year life. There is no salvage value for the equipment. If the hurdle rate is 8%, what is the approximate net present value? Ignore income taxes. 11)Hiawatha Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $200,000. The equipment will have an initial cost of $900,000 and have a 6 year life. There is no salvage value for the equipment. If the hurdle rate is 10%, what is the internal rate of return? Ignore income taxes. 12)How much would you need to deposit in a savings account that earns 7%, compounded annually, to withdraw $20,000 eight years from now?