Notes Receivable Discounting Marienau Suppliers had the following transactions: Mar. 1 Sold merchandise on account to G. Perez, $4,600. 20 G. Perez gave a $4,600, 90-day, 6% note to extend time for payment. 30 G. Perez's note is discounted at Commerce Bank at a discount rate of 8%. Apr. 20 Received a $2,800, 60-day, 6% note from D. Larson in payment for sale of merchandise. May 5 D. Larson's note is discounted at Commerce Bank at a discount rate of 7%. June 19 D. Larson's note is dishonored. The bank bills Marienau for the maturity value of the note plus a $50 bank fee. July 31 D. Larson's dishonored note is collected; Larson pays Marienau the maturity value of the note, the $50 bank fee, and interest at 6% on the maturity value plus the bank fee. Aug. 1 Sold merchandise on account to A. Bauer, $5,200. 12 A. Bauer paid $400 and gave a $4,800, 30-day, 5% note to extend time for payment. Sept. 11 A. Bauer paid $500, plus interest, and gave a new $4,300, 60-day, 6% note to extend time for payment. 26 A. Bauer's note is discounted at Commerce Bank at a discount rate of 7.5%. Nov. 10 A. Bauer's note is dishonored. The bank bills Marienau for the maturity value of the note plus a $50 bank fee. Dec. 15 A. Bauer's dishonored note is collected. Bauer pays Marienau the maturity value of the note, the $50 bank fee, and interest at 6% on the maturity value plus the bank fee. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate Cove's new break-even point under each of the following independent scenarios: Note: Round your answers to the nearest whole number. a. Sales price increases by $1.40 per cake. b. Fixed costs increase by $525 per month. c. Variable costs decrease by $0.32 per cake. d. Sales price decreases by $0.20 per cake. 1a. Sales price increases by $1.40 per cake 1b. Fixed costs increase by $525 per month 1c. Variable costs decrease by $0.32 per cake. 1d. Sales price decreases by $0.20 per cake Break-Even Point cakes cakes cakes cakes Show less A 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.40 per cake. b. Flxed costs increase by $525 per month. c. Variable costs decrease by $0.32 per cake. d. Sales price decreases by $0.20 per cake. 2. Assume that Cove sold 335 cakes last month. Calculate the company's degree of operating leverage. 3. Using the degree of operating leverage, calculate the change in profit caused by a 9 percent increase in sales revenue. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume that Cove sold 335 cakes last month. Calculate the company's degree of operating leverage. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Degree of Operating Leverage < Required 1 Required 3 > Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.40 per cake. b. Fixed costs increase by $525 per month. c. Variable costs decrease by $0.32 per cake. d. Sales price decreases by $0.20 per cake. 2. Assume that Cove sold 335 cakes last month. Calculate the company's degree of operating leverage. 3. Using the degree of operating leverage, calculate the change in profit caused by a 9 percent increase in sales revenue. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the degree of operating leverage, calculate the change in profit caused by a 9 percent increase in sales revenue. Note: Round your final answer to 2 decimal places. (i.e. 0.1234 should be entered as 12.34%.) % < Required 2 Required 3