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Sandy Bank, Incorporated, makes one model of wooden canoe. And, the Information for It follows: Sandy Bank sells Its canoes for $375 each. Required: 1.
Sandy Bank, Incorporated, makes one model of wooden canoe. And, the Information for It follows: Sandy Bank sells Its canoes for $375 each. Required: 1. Suppose that Sandy Bank ralses its selling price to $500 per canoe. Calculate its new break-even point In unlts and In sales dollars. 2. If Sandy Bank sells 1,620 canoes, compute Its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $140,000 profit. Complete this question by entering your answers in the tabs below. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars. Note: Do not round intermediate calculations. Round your final answers to nearest whole number. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $140,000 profit. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number. If Sandy Bank sells 1,620 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500 ) Note: Do not round intermediate calculations. Round your answers to the nearest whole number
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