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Greer Golf Supplies is an online store that sells two types of golf balls: practice balls and tournament balls. The golf balls are sold
Greer Golf Supplies is an online store that sells two types of golf balls: practice balls and tournament balls. The golf balls are sold in plastic sleeves containing three golf balls. Practice balls sell for $4 per sleeve; tournament balls sell for $12 per sleeve. Owner Carl Rider purchases the golf balls directly from the manufacturer and pays $1 per sleeve for the practice balls and $4 per sleeve for the tournament balls. Fixed costs total $14,000 per month and include Carl's salary, website hosting, and accounting and legal fees. When preparing the sales forecast for the year, Carl assumed he would sell twice as many sleeves of practice balls as tournament balls. Click here to view the Excel dataset. (a) x Your answer is incorrect. Calculate the annual breakeven point for Greer Golf Supplies. Tournament Sleeves Practice Sleeves 1474 737 eTextbook and Media pre1...pptx wer is partially correct. Prepare Greer's contribution format income statement for the year using the actual sales data. Assume all prices and costs were as projected. Sales Revenue Practice Sleeves Tournament Sleeves Total Revenue Less Variable Expenses Practice Sleeves Tournament Sleeves Contribution Margin 153824 200976 38456 66992 354800 105448 249652 Less : Variable Expenses Practice Sleeves Tournament Sleeves Contribution Margin Less Fixed Expenses Operating Income eTextbook and Media 38456 66992 105448 249652 168000 70015 Attemptr: 1 of 5uced
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