Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Missing text, decreased by 20% ) company has the following data: Sales 3,000 units Sales price $70 per unit Variable cost $50 per unit Fixed
Missing text,
decreased by 20%
) company has the following data: Sales 3,000 units Sales price $70 per unit Variable cost $50 per unit Fixed cost $25,000 1a) What is the operating leverage? 1b) If the dollar contribution margin per unit is increased by 10%, and total fixed costs decreased what is the effect on net income? 2) Last year, the jacket division of Cabella Inc had the following information: Total sales were $18,690,000 Gross profit was $7,840,000 Net operating income was $934,500 Beginning assets were $5,105,000 and beginning liabilities were $2,789,000 Ending assets were $5,361,400 and ending liabilities were $2,942,000 All assets are operating assets. What is the company's return on investment (ROI)? 3) Label each of the following balanced Scorecard targets as: E = employee/organizational learning and growth I = internal process C = customer F = financial i. Employee turnover dropped 10% in two years. il. Sales returns percentage increased by 15%. m. Inventory turnover time dropped (IE: time on shelf) by 5% over the last year. iv. Gross profit increased by 4% compared to the prior yearStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started