ANSWER QUESTIONS A, B and C A Last year, Cayman Corporation had sales of $7 million, total variable costs of $3 million, and total fixed costs of $1 million In addition, they paid $480,000 in interest to bondholders Cayman has a 21 marginal tax rate If Cayman's sales increase 6 , what should be the increase in operating income SET YOUR CALCULATOR TO 4 DECIMAL PLACES ROUND TO 2 DECIMAL PLACES AT THE END DO NOT ENTER THE SIGN FOR EXAMPLE, IF YOUR ANSWER IS 9 4567, ENTER IT AS 9 46 B Last year, Cayman Corporation had sales of $28 million, total variable costs of $15 million, and total fixed costs of $5,000,000 In addition, they paid $3 million in interest to bondholders Cayman has a marginal tax rate of 21 percent If Cayman's sales increase by 15 , what should be the increase in operating income SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND TO 2 DECIMAL PLACES AT THE END DO NOT ENTER THE SIGN FOR EXAMPLE, IF YOUR ANSWER IS 12 7125, ENTER IT AS 12 71 C Last year, Cayman Corporation had sales of $6,676,130, total variable costs of $2,731,282, and total fixed costs of $1,569,215 In addition, they paid $480,000 in interest to bondholders Cayman has a 21 marginal tax rate If Cayman's sales increase 8 , what should be the increase in earnings per share SET YOUR CALCULATOR TO 4 DECIMAL PLACES ROUND TO 2 DECIMAL PLACES AT THE END DO NOT ENTER THE SIGN FOR EXAMPLE, IF YOUR ANSWER IS 9 4567, ENTER IT AS 9 46

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ANSWER QUESTIONS A, B and C A   Last year, Cayman Corporation had sales of $7 million, total variable costs of $3 million, and total fixed costs of $1 million  In addition, they paid $480,000 in interest to bondholders  Cayman has a 21  marginal tax rate  If Cayman's sales increase 6 , what should be the increase in operating income  SET YOUR CALCULATOR TO 4 DECIMAL PLACES  ROUND TO 2 DECIMAL PLACES AT THE END  DO NOT ENTER THE   SIGN  FOR EXAMPLE, IF YOUR ANSWER IS 9 4567, ENTER IT AS 9 46  B   Last year, Cayman Corporation had sales of $28 million, total variable costs of $15 million, and total fixed costs of $5,000,000  In addition, they paid $3 million in interest to bondholders  Cayman has a marginal tax rate of 21 percent  If Cayman's sales increase by 15 , what should be the increase in operating income  SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND TO 2 DECIMAL PLACES AT THE END  DO NOT ENTER THE   SIGN  FOR EXAMPLE, IF YOUR ANSWER IS 12 7125, ENTER IT AS 12 71  C   Last year, Cayman Corporation had sales of $6,676,130, total variable costs of $2,731,282, and total fixed costs of $1,569,215  In addition, they paid $480,000 in interest to bondholders  Cayman has a 21  marginal tax rate  If Cayman's sales increase 8 , what should be the increase in earnings per share  SET YOUR CALCULATOR TO 4 DECIMAL PLACES  ROUND TO 2 DECIMAL PLACES AT THE END  DO NOT ENTER THE   SIGN  FOR EXAMPLE, IF YOUR ANSWER IS 9 4567, ENTER IT AS 9 46

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ANSWER QUESTIONS A, B and C A - Last year, Cayman Corporation had sales of $7 million, total variable costs of $3 million, and total

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