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Dana's Ribbon World makes award rosertes. Following is information about the company: Required: 1. Suppose Dana's would like to generate a profit of $1,100. Determine
Dana's Ribbon World makes award rosertes. Following is information about the company: Required: 1. Suppose Dana's would like to generate a profit of $1,100. Determine how many rosettes it must sell to achieve this target profit 2. If Dana's sells 2,120 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. 3. Calculate Dana's degree of operating leverage if it sells 2,120 rosettes 4. a. Using the degree of operating leverage, calculate the percentoge change in Dana's profit if unit sales drop to 1,802 units. b. Prepare a new contribution margin income statement to verify change in Dana's profit. Complete this question by entering your answers in the tabs below. Suppose Dana's would like to generate a profit of $1,100. Determine how many rosettes it must sell to achieve this target profit. Note: Round your intermediate calculations to 2 decimal places and found your final answer up to nearest whole number
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