Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone solve it with cell reference please A1 The Tops national chain of shirt stores carry many styles of shirts that are all sold

can someone solve it with cell reference please image text in transcribed
image text in transcribed
A1 The Tops national chain of shirt stores carry many styles of shirts that are all sold at the same B The Tops national chain of shirt stores carry many styles of shirts that are all sold at the same 2 price. To encourage sales personnel to step up their sales efforts, the company pays a 3 generous sales commission on each shirt sold. Sales personnel also receive a small basic salary, 4 5 The following table contains cost and revenue data for the Bradbury store. These data are 6 typical of the company's many outlets: 7 Selling price S 36.99 8 Variable expenses 9 Invoice cost $ 18.00 10 Sales Commission 7.00 11 $ 25.00 12 Contribution Margin $ 11.99 13 Fixed Expenses (annually) Advertising $ 80.000 15 Rent 150,000 16 Salaries 70,000 17 $ 300,000 18 19 Part 2 20 Shirts sold 19,000 21 22 Part 3 23 24 Manager commission $ 3.00 25 Part 4 26 Manager commission on unit sales above the 27 breakeven point S 3.00 28 Shirts sold 14 1 We carry many styles of shirts that are all sold at the same B DE 25 Part 4 26 Manager commission on unit sales above the 27 breakeven point $ 3.00 28 Shirts sold 23,500 29 30 Part 5 31 Increased fixed salaries $ 107.000 32 Reduction in Commissions $ 7.00 33 34 35 Required: 36 Tops is a fairly new company. The company has asked you, as a member of its planning group, 37 to assist in some basic analysis of its stores and company policies, 38 39 1. Calculate the annual break-even point in dollar sales and in unit sales for the Bradbury store. 40 42 43 Breakeven Point in Sales - Breakeven Point in Unit Sales = 45 46 2. If 19,000 shirts are sold in a year, what will be the Bradbury store's operating income or loss? 47 48 49 50 Operating income (loss) 51

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For Non-Finance Executives

Authors: Anurag Singal

1st Edition

1952538327, 9781952538322

More Books

Students also viewed these Accounting questions