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step by step instructions. 79 Haunted Forest, Inc.is selling fog machines. Use the following information about Haunted Forest, Inc. to answer the following questions. Average
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79 | |
Haunted Forest, Inc.is selling fog machines. | |
Use the following information about Haunted Forest, Inc. to answer the following questions. | |
Average selling price per unit $343. | |
Variable cost per unit $206 | |
Units sold 387 | |
Fixed costs $10,628 | |
Interest expense $3,584 | |
Based on the data above, what is the degree of total (combined) leverage of Haunted Forest, Inc.? | |
Answer | 1.37 |
710 | |
Haunted Forest, Inc.is selling fog machines. | |
Use the following information about Haunted Forest, Inc. to answer the following questions. | |
Average selling price per unit $349. | |
Variable cost per unit $214 | |
Units sold 337 | |
Fixed costs $13,566 | |
Interest expense $4,515 | |
Based on the data above, what will be the resulting percentage change in earnings per share if they expect units produced and sold to decrease by 3 percent? | |
Answer | Decreased by 4.98% |
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