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just need help with part g Current Attempt in Progress Mark Harris operates a kiosk in downtown Chicago, at which he sells one style of
just need help with part g
Current Attempt in Progress Mark Harris operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $ 20 and sells them for $ 25. Mark's current breakeven point is 16,600 hats per year, (a1) Your answer is correct Calculate contribution margin per unit. $ 5 Contribution margin per unit e Textbook and Media Attempts: unlimited What is Mark's current level of fixed costs? (Use the rounded contribution margin per unit calculated in the previous part.) A 83000 Current level of fixed costs V e Textbook and Media Assistance Used Q AL Attempts: unlimited AL (5) Q Ace Your answer is correct Qu ACC Assume that Mark's fixed costs, variable costs, and sales price were the same last year, when he made $ 30,800 in net income. How many hats did Mark sell fast year, assuming a 30% income tax rate? (Use the rounded contribution margin per unit calculated in the previous part) Qu ACCO 25400 hats Qu Acco 3 0.86/1 Question 2 of 14 TU What was Mark's margin of safety in units and dollars last year? Margin of safety in units 8800 hats Margin of safety in dollars 220000 eTextbook and Media Attempts: unlimited (d) Your answer is correct If Mark wants to earn $ 36,400 in net income, how many hats must he sell, assuming a 30% tax rate? (Use the rounded contribution margin per unit calculated in the previous part.) 27000 hats How many hats must Mark sell to break even if his supplier raises the price of the hats to $ 21 per hat? (Use the rounded contribution margin per unit for computation.) 20750 hats e Textbook and Media Attempts: unlimited (8) x Your answer is incorrect. Mark has decided to increase his sales price to $ 26 to offset the supplier's price increase He believes that the increase will result in a 5% reduction from last year's sales volume. What is Mark's expected net income, assuming a 30% tax rate? $ 2905 Net income ner Step by Step Solution
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