Help Scott's Sporting Goods is a retailer of sporting equipment. Last year, Scott's sales revenues totalled $5,700,000 Total expenses were $2,900,000. Of this amount, approximately $1,608,000 were variable, while the remainder were feat Since Scott's Sporting Goods offers thousands of different products, its managers prefer to calculate the break-even point in terms of sales dollars rather than units Beguramente Requirement 1. What is Scott's Sporting Goods cume operating income? (Prepare a contribution margin format income statement.) Complete the contribution margin income statement (Enter losses with a minus sign or parentheses) Scott's Sporting Goods Contribution Margin Income Statement For the Year Ended December 31 Sales revenue Les Variable expenses Contribution margin Less Fixed expenses Operating income (loss) Requirement 2. What is Scott's contribution margin ratio? Begin by identifying the formula to compute the contribution margin o The contribution margin ratio is (Round your answer to two decimal places.) Contribution margin o Requirement 3. What is Scott's break-even point in sales dolan? Hint The corbution merge ratio calculated in mentis ady weighted by Scots Begin by identifying the formula to compute the break even point in sales da The break even point in sales dollars is t (Round your answer up to the nearest whole Requirement & Scott's top management deciding whether to embark on a $270,000 advertising careng. The marketing fm he are corect, what affect would this advertising campaign have on Scots annual opening inom Boolf's embarks on this advertising campaign, sales revenue and valable costs will What affect would tus advertising campaign have on Soo's annual p The fact would be cperating income of by 14% Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Requirement 2. What is Scott's contribution margin ratio? Begin by identifying the formula to compute the contribution margin ratio. Contribution margin ratio The Contribution margin Req Fixed costs Begi Operating income Sales revenue Total variable cost Variable cost The nd your answer to two decimal places.) en point in sales dollars? (Hint: The contribution margin ratio calculated in requires te the break-even point in sales dollars. Break-even sales in (Round your answer up to the nearest whole dollar.) Requirement 4. Scott's top management is deciding whether to embark on a $270,000 advertising campaign. The marketing f are correct, what effect would this advertising campaign have on Scott's annual operating income? If Scott's embarks on this advertising campaign, sales revenue and variable costs will by %, which will cause the conte Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 2. What is Scott's contribution margin ratio? Begin by identifying the formula to compute the contribution margin ratio. Y Contribution margin The contribution margin ratio is (Round your answer to two decimal places.) Requirement 3. What is Scott's break-even point in sales dollars? (Hint: The contribution margin ratio ca Begin by identifying the formula to compute the break-even point in sales dollars. Th is $ Contribution margin per unit Re Contribution margin ratio are Fixed expenses If Operating income Units sold W Variable expenses (Round your answer up to the nearest whole dollar.) ment is deciding whether to embark on a $270,000 advertising campaig vertising campaign have on Scott's annual operating income? campaign, sales revenue and variable costs will by %, which mpaign have on Scott's annual operating income? operating income of $ The effect would be Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 3. What is Scott's break-even point in sales dollars? (Hint: The contrib Begin by identifying the formula to compute the break-even point in sales dollars. The break-even point in sales dollars is $ (Round your answer up to the nearest Requirement 4. Scott's top management is deciding whether to embark on a $270,000 are correct, what effect would this advertising campaign have on Scott's annual operating If Scott's embarks on this advertising campaign, sales revenue and variable costs will What effect would this advertising campaign have on Scott's annual operating income? The effect would be operating income of S Choose from any lis a decrease in in the input fields and then continue to the new an increase in Scott's Sporting Goods in a retailer of sporting equipment. Last year, Scott's sales revenues totaled $5,700,000. Total expenses were $2,900,000. Of this amount, approximately $1,600,000 were variable, while the remainder were fixed. Since Scott's Sporting Goods offers thousands of different products, its managers prefer to calculate the break-even point in terms of sales dolars rather than units Bequent Requirement 1. What is Scott's Sporting Goods cument operating income? (Prepare a contribution margin format income statement) Complete the contribution margin income statement (Enter losses with a minus sign or parentheses.) Scott's Sporting Goods Contribution Margin Income Statement For the Year Ended Dec 31 Sales revenue Contribution margin Less Fixed expenses Operating income Do Requirement 2. What is Scotts contribution margin ratio? Begin by identifying the formula to compute the contribution marginat The contribution margin ratio i Contributin margin rate (Round your answer to two decimal places.) Requirement 3. What is Scott's break even point in sales dollars? (Hind The contribution margin ratio calculated in requirement 2 is aiready weighted by Scots actuar sales mix) Begin by identifying the formula to compute the break-even pointin Choose from any list or enter any number in the put helds and then continue to the next