Question
Blossom Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each scenario under
Blossom Markets imports and sells small bear-shaped piatas. In planning for the coming year, the company's owner is evaluating several scenarios. For each scenario under consideration, prepare the contribution margin income statement showing the anticipated operating income. Consider each scenario is applied independently to the original data. Last year's income statement is as follows:
The sales price increases by10% and sales volume decreases by4%. (Round per unit answers to 2 decimal places, e.g. 0.38.)
The sales price increases by8% and variable cost per unit increases by6%.(Round per unit answers to 2 decimal places, e.g. 0.38.)
The sales price decreases by5% and sales volume increases by15%.(Round per unit answers to 2 decimal places, e.g. 0.38.)
Fixed expenses increase by $50,000.(Round per unit answers to 2 decimal places, e.g. 0.38.)
The sales price increases by12%, variable cost per unit increases by15%, fixed expenses increase by $30,000, and sales volume decreases by15%.(Round per unit answers to 2 decimal places, e.g. 0.38.)
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