7B Use the following information about Rat Race Home Security, Inc to answer the questions Average selling price per unit $333 Variable cost per unit $180 Units sold 304 Fixed costs $7,837 Interest expense 14,967 Based on the data above, what will be the resulting percentage change in earnings per share of Rat Race Home Security, Inc if they expect operating profit to change 6 1 percent (You should calculate the degree of financial leverage first) (Write the percentage sign in the units box) Round the answer to two decimals Your Answer 7E Genetic Insights Co purchases an asset for $18,671 This asset qualifies as a seven year recovery asset under MACRS The seven year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14 29 , 24 49 , 17 49 , 12 49 , 8 93 , and 8 93 , respectively Genetic Insights has a tax rate of 30 The asset is sold at the end of six years for $4,447 Calculate tax paid on gain on disposal Round the answer to two decimals 8a pet sore inc sells on terms of 2 10, net 30 what is the effective annual cost of trade credit under these terms use a 365 day year round two decimals in percent form Your Answer

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7B Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $333. Variable cost per unit

Use the following information about Rat Race Home Security, Inc. to answer the questions:

Average selling price per unit $333.

Variable cost per unit $180

Units sold 304

Fixed costs $7,837

Interest expense 14,967

Based on the data above, what will be the resulting percentage change in earnings per share of Rat Race Home Security, Inc. if they expect operating profit to change 6.1 percent?

(You should calculate the degree of financial leverage first).

(Write the percentage sign in the "units" box).

Round the answer to two decimals

Your Answer:

Genetic Insights Co. purchases an asset for $18,671. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $4,447.

Calculate tax paid on gain on disposal. Round the answer to two decimals.

pet sore inc sells on terms of 2/10, net 30. what is the effective annual cost of trade credit under these terms. use a 365-day year. round two decimals in percent form.

Your Answer: