The Funky Ties Company sells novelty neckties for men. They have variable costs per tie of $5.00 and fixed costs of $500 per week. Funky sells the ties for $20 each and sells 3,000 ties per year. Calculate Funky's total revenue. 60,000 Calculate Funky's total costs. 41,000 Calculate Funky's breakeven point in unit sales. Calculate Funky's earnings before interest and taxes. If Funky only sells the breakeven number of ties, what is its operating income? Calculate the degree of operating leverage for a 10% change in sales. 2.37 If Funky has financed partially with debt and has annual interest cost of $1,000, what is its degree of financial leverage? 1.06 What is Funky's degree of combined leverage? 2.50 If Funky has 20% higher sales than expected, by what percentage will net income change? If the sales are 20% lower than expected? The Funky Ties Company sells novelty neckties for men. They have variable costs per tie of $5.00 and fixed costs of $500 per week. Funky sells the ties for $20 each and sells 3,000 ties per year. Calculate Funky's total revenue. 60,000 Calculate Funky's total costs. 41,000 Calculate Funky's breakeven point in unit sales. Calculate Funky's earnings before interest and taxes. If Funky only sells the breakeven number of ties, what is its operating income? Calculate the degree of operating leverage for a 10% change in sales. 2.37 If Funky has financed partially with debt and has annual interest cost of $1,000, what is its degree of financial leverage? 1.06 What is Funky's degree of combined leverage? 2.50 If Funky has 20% higher sales than expected, by what percentage will net income change? If the sales are 20% lower than expected