FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Wayne Corp. sells 10,000 units for a price of $42 per unit. Wayne has unit variable costs of $11 per unit, and total fixed costs

Wayne Corp. sells 10,000 units for a price of $42 per unit. Wayne has unit variable costs of $11 per unit, and total fixed costs of $193,000.

If sales increase 18%, by how much will profits increase for Wayne?

  • 18.00%

  • 26.50%

  • 47.69%

  • 74.19%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

=+ (b) Find a trifling set A such that every point in the unit interval can be represented in the form x + y with x and y in A.

Answered: 1 week ago

Question

★★★★★
Consider the production cost information for Santiago's Salsa in Problem 1-1. The company is currently producing and selling 325,000 jars of sales annually. The jars sell for $5.00 each. The company...

Answered: 1 week ago

Question

★★★★★
help with 7 and 9 please For the past several years, Angela Smith operated a part-time consulting business from her home. As of September 1, 2020, Angela decided to move to rented quarters and to...

Answered: 1 week ago

Question

★★★★★
1.What is meant by "judicial precedent" in the context of Scots law?

Answered: 1 week ago

Question

★★★★★
There are two masses with mass, 2M and M. Which of the following statements is true? Group of answer choices The center of mass is closer to "2m" mass than "m" mass The center of mass is exactly...

Answered: 1 week ago

Question

★★★★★
Laurie needs to set up her operations to produce an order of 2,000 frozen pies for Thanksgiving. Considering the time to setup her process, she will have 10 working days to make the pies. She plans...

Answered: 1 week ago

Question

★★★★★
On January 1, 2022, Paxon Corporation acquired all of the outstanding common stock of Saxon Company for $2 billion cash. The prior to the combination, are shown below: Balance Sheets (in millions)...

Answered: 1 week ago

Question

★★★★★
Question 2 (20 Marks) Weekly sales of copy paper at Cubicle Suppliers are provided in the table below. Compute a three-period moving average and a four-period moving average for weeks 5, 6, and 7....

Answered: 1 week ago

Question

★★★★★
Andrea was an up - and - coming music producer at Too Loud Productions. One night while out at the clubs, Andrea discovered a new singer , Dylan. Andrea approached Dylan after the show and gave him...

Answered: 1 week ago

Previous Question Next Question