Question
Problem 5-23A Basics of CVP Analysis [LO5-1, LO5-3, LO5-4, LO5-5, LO5-8] Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $80 per unit.
Problem 5-23A Basics of CVP Analysis [LO5-1, LO5-3, LO5-4, LO5-5, LO5-8]
Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $80 per unit. Variable expenses are $40.00 per unit, and fixed expenses total $200,000 per year. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
b. The president expects sales to increase by 19% next year. By what percentage should net operating income increase? (Round intermediate calculations to 2 decimal places and final percentage answer to 2 decimal places, i.e. 22.47%)
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