FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Break-Even (Units) Parker & Associates, LLC has
budgeted the following amounts for its next fiscal
year: Total fixed expenses $980,000 Selling price
per unit $48 Variable expenses per unit $23 If fixed
expenses increase by 10%, the selling price per
unit would need to increase by what percentage in
order to maintain the original break-even sales in
units (round to the nearest tenth of a percent)?
Round percentage to one decimal place (ex:
0.03456 = 3.5%).
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Transcribed Image Text:Break-Even (Units) Parker & Associates, LLC has budgeted the following amounts for its next fiscal year: Total fixed expenses $980,000 Selling price per unit $48 Variable expenses per unit $23 If fixed expenses increase by 10%, the selling price per unit would need to increase by what percentage in order to maintain the original break-even sales in units (round to the nearest tenth of a percent)? Round percentage to one decimal place (ex: 0.03456 = 3.5%).
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