Question
Haunted Forest, Inc.is selling fog machines. Use the following information about Haunted Forest, Inc. to answer the following questions. Average selling price per unit $348.
Haunted Forest, Inc.is selling fog machines.
Use the following information about Haunted Forest, Inc. to answer the following questions.
Average selling price per unit $348.
Variable cost per unit $205
Units sold 306
Fixed costs $15,914
Interest expense $4,623
Based on the data above, what will be the resulting percentage change in earnings per share if they expect units produced and sold to change 5.6 percent?
(You should calculate the degree of total (combined) leverage first).
(Write the percentage sign in the "units" box).
7e2
Genetic Insights Co. purchases an asset for $13,021. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $4,769.
Calculate book value of an asset. Round the answer to two decimals.
Your Answer:
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