Name: Class Period: 2:30 4:30 6:00 7:30 Acct 2220 Zeigler -Falcon Stationers, Inc. Chapter 3 CVP Case Study (Due&Collected Wed. 2/20-start of class) Faloon Stationers, Inc. is currently open froem 8am to 8pm six days per week. The store is a BGSU retail merchandiser that sells cards, supplies, magazines, and a few books. The following is the most recent annual Income Statement received from the company's external accountant Sales Cost of sales Gross margin (ie. Gross Profit) $464,900 162,700 $302,200 S, G & A Ge. Operating) expenses: Salaries Rent Utilities Insurance MisoOther Profit $109,000 48,000 9,500 12,000 6.000 184,500 117.200 As an experiment, Ellie Dackin, the owner, kepe the store open for oely eight hours on a recent Sunday Resulting sales were $840 and part-time employment payroll costs were $135. Per the above income statement, and after performing a few calculations and creating some percentages, she came up with about $591 as the estimated daily cost of operations without Sunday hours. She then concluded that about $910 in sales revenue would be necessary to justify opening on Sundays. Required: Document the calculations Ellie Dackin made to determine her figures of $591 and $910. (Be sure to document your work so gthers can understand your analysis) I. 2. As you address Ellie's analysis above, list at least one question you have for her. In essence what else would you have wanted to know before making a recommendation? 3. Based upon the facts presented, should Ellie Dackin open her store on Sundays? Why or Why not? Take a position and explain. You may include both numerical and/or non-numerical commentary If you choose to use the reverse to document your calculations, so indicate