Question: Refer to the information in E6 5 regarding Sandy Bank

Refer to the information in E6-5 regarding Sandy Bank.

1. Suppose that Sandy Bank raises its selling price to $675 per canoe. Calculate its new break-even point in units and in sales dollars.
2. If Sandy Bank sells 650 canoes, compute its margin of safety in units and as a percentage of sales. (Use the new sales price of $675.)
3. Calculate the number of canoes that Sandy Bank must sell at $675 each to generate $100,000profit.
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  • CreatedFebruary 27, 2015
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