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1. What is Nealon's variable cost ratio? Enter your answer as a decimal value rounded to two decimal places. What is the contribution margin ratio?

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1. What is Nealon's variable cost ratio? Enter your answer as a decimal value rounded to two decimal places. What is the contribution margin ratio? Enter your answer as a decimal value rounded to two decimal places. (Express as a decimal-based amount rather than a whole percent.) 2. Suppose Nealon's actual revenues are $190,000 greater than budgeted. By how much will before-tax profits increase? Calculate the answer without preparing a new income statement. s 3. How much sales revenue must Nealon earn in order to break even? Round your answer to the nearest dollar. s What is the expected margin of safety? Round your answer to the nearest dollar. 5 4. How much sales revenue must Nealon generate to earn a before-tax profit of $50,000 ? Round your answer to the nearest dollar. 5 How much sales revenue must Nealon generate to earn an after-tax profit of $35,000 ? Round your answer to the nearest dollar. 5 Prepare a contribution margin income statement to verify the accuracy of your last answer. Round your answers to the nearest dollar

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