UNIVERSAL SPORTS EXCHANGE Income Statement 52 Weeks Ended February 1, 2017 Per Unit Ratio Sales $1,039,500 $20.00 100% Less: variable expenses Cost of goods sold Sales commissions 14.80 1.20 16.00 $ 4.00 $769,230 62,370 4% 6% 80% 20% Total variable expenses Contribution margin Less: fixed expenses 831,600 207,900 Selling Administrative 116,500 51,500 Total fixed expenses 168,000 $ 39,900 Operating income Answer the following: What is Universal Sports Exchange's operating profit equation? (Round answers to 2 decimal places, e.g. 52.75.) 16$ 168000 operating profit CALCULATOR PRINTER VERSION BACK The Daily News Journal has approached Martin Keck, Universal's vice president for sales, with a $20,000 annual ad campaign. If Martin accepts the ad campaign, what will change in Universal's operating profit equation? ttil to $ LINK TO TEXT LINK TO TEXT LINK TO VIDEO LINK TO VIDEO Assume that Martin Keck accepts the Daily News Journal's ad campaign and as a result Universal sells 60,000 jerseys. Prepare the contribution format income statement for the year. (Round per unit answers to 2 decimal places, e.g. 52.75.) Per Unit Assume that Martin Keck accepts the Daily News Journal's ad campaign and as a result Universal sells 60,000 jerseys. Prepare the contribution format income statement for the year. (Round per unit answers to 2 decimal places, e.g. 52.75.) Per Unit