2nd multiple choice same answers as 1st

1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: B 1 A Chapter 1: Applying Excel 4 $ 66,000 5 6 $ Data Sales Variable costs: Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative 7 8 $ 33,000 3,300 3,100 $ 9 10 $ 2,500 1,500 11 $ If your formulas are correct, you should get the correct answers to the following questions. (a) What is the gross margin now? G N. 2 Required information Groos margin Part 2 of 2 pints (b) What is the net operating income now? ebook Net operating income References (c) What is the contribution margin now? Contribution margin neducation.com/exum Lorowser & 625270252Fbb.tulsacc.edu%252Fwebap Saved Required information 2. Suppose that sales are 11% higher as shown below: B $ 73,260 1 Chapter 1: Applying Excel 2 3 Data 4 Sales 5 Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative $ $ $ 36,630 3,663 3,441 9 Fixed costs: 10 11 Fixed seling Fixed administrative $ $ 2,500 1,500 Enter this new data into your worksheet. Make sure you enter all of the new data - not just the sales. D Next Required Information Enter this 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? Gross margin (b) What is the net operating income now? Not oporating Incomo (c) What is the contribution margin now? Contribution margin op 12 Nevt Help Sas - Required information (d) When sales increase by 11%, which of the following should also increase by 11% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any bones left with a question mark will be automatically graded as incorrect.) Variable cost ? Fixed cost Gross margin 2 Contribution margin Net operating income (e) When sales increase by 11%, which of the following should increase by more than 11% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) De Navt