Question
The next two questions refer to the following fictional financial statement from Superfun Yoga Pants: Revenue: $500,000 Shoes: $250,000 Advertising: $500 Rent: $1,000 Depreciation: $25
The next two questions refer to the following fictional financial statement from Superfun Yoga Pants:
Revenue: $500,000
Shoes: $250,000
Advertising: $500
Rent: $1,000
Depreciation: $25
How many additional shoes would Superfun Yoga Pants have to sell to cover a $25,000 investment in advertising and maintain their current contribution to the company, assuming they are currently selling 5,000 pairs of shoes?
a)762
b)502
c)526
d) None of the above, but I could calculate with the information given
e)None of the above, but I cannot calculate with the information given
|
| A. | 762 |
|
| B. | 502 |
|
| C. | 526 |
|
| D. | None of the above, but I could calculate this with the information I am given. |
|
| E. | None of the above, I cannot calculate this with the information I am given. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
