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The Blake Mouton.. # BU Blake and Mouton... Defining a Leadersh.. Examples of Leader.. Remaining Time: 51 minutes, 09 seconds. Question Completion Status: Question 9 15 points Save Answer Teri Hall has recently opened Sheer Elegance, Inc., a store specializing in fashionable stockings. Ms. Hall has just completed a course in managerial accounting, and she believes that she can apply certain aspects of the course to her business. She is particularly interested in adopting the cost-volume-profit (CVP) approach to decision making. Thus, she has prepared the following analysis: Sales price per pair of stockings $2.00 Variable expense per pair of stockings 0.80 Contribution margin per pair of stockings $1.20 Fixed expenses per year: Building rental $12,000 Equipment depreciation 3,000 Selling 30,000 Administrative 15,000 a. How many pairs of stockings must be sold to break even? b. How many pairs of stockings must be sold to earn a $9,000 target operating income for the first year? c. MS. Hall believes that a 10% reduction in the selling price combined with a $5,000 increase in advertising expense will increase sales by 20%. What is the impact on operating income if this happens? Assume the current sales level is 70,000 pair of stockings. Ignore income taxes. Use the incremental approach. DiRY T TT Arial 3 (12 pt ) 2:41 PM 2020-07-16 O