(a) Your answer is correct. Greer Golf Supplies is an online store that sells two types...

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(a) Your answer is correct. Greer Golf Supplies is an online store that sells two types of golf balls: practice balls and tournament balls. The golf balls are sold in plastic sleeves containing three golf balls. Practice balls sell for $4 per sleeve; tournament balls sell for $12 per sleeve. Owner Carl Rider purchases the golf balls directly from the manufacturer and pays $1 per sleeve for the practice balls and $4 per sleeve for the tournament balls. Fixed costs total $14,000 per month and include Carl's salary, website hosting, and accounting and legal fees. When preparing the sales forecast for the year, Carl assumed he would sell twice as many sleeves of practice balls as tournament balls. Calculate the annual breakeven point for Greer Golf Supplies. Tournament Sleeves Practice Sleeves 12000 24000 (d) Your answer is correct. Your answer is correct. eTextbook and Media Calculate the actual sales mix for the year. (Round answer to 1 decimal places, e.g. 52.7.) Sales Mix eTextbook and Media Did any customer purchase golf balls in the 2:1 assumed sales mix? Yes eTextbook and Media 2.3 :1 Attempts: 1 of 3 used Attempts: 1 of 3 used Prepare Greer's contribution format income statement for the year using the actual sales data. Assume all prices and costs were as projected. Sales Revenue Practice Sleeves $ 146964 Tournament Sleeves Total Revenue Less Variable Expenses 191688 Practice Sleeves 146964 Tournament Sleeves Contribution Margin Less Fixed Expenses Operating Income Tovthook and Media 191688 $ 338652 189027 14000 $ 89140 SUPPORT (a) Your answer is correct. Greer Golf Supplies is an online store that sells two types of golf balls: practice balls and tournament balls. The golf balls are sold in plastic sleeves containing three golf balls. Practice balls sell for $4 per sleeve; tournament balls sell for $12 per sleeve. Owner Carl Rider purchases the golf balls directly from the manufacturer and pays $1 per sleeve for the practice balls and $4 per sleeve for the tournament balls. Fixed costs total $14,000 per month and include Carl's salary, website hosting, and accounting and legal fees. When preparing the sales forecast for the year, Carl assumed he would sell twice as many sleeves of practice balls as tournament balls. Calculate the annual breakeven point for Greer Golf Supplies. Tournament Sleeves Practice Sleeves 12000 24000 (d) Your answer is correct. Your answer is correct. eTextbook and Media Calculate the actual sales mix for the year. (Round answer to 1 decimal places, e.g. 52.7.) Sales Mix eTextbook and Media Did any customer purchase golf balls in the 2:1 assumed sales mix? Yes eTextbook and Media 2.3 :1 Attempts: 1 of 3 used Attempts: 1 of 3 used Prepare Greer's contribution format income statement for the year using the actual sales data. Assume all prices and costs were as projected. Sales Revenue Practice Sleeves $ 146964 Tournament Sleeves Total Revenue Less Variable Expenses 191688 Practice Sleeves 146964 Tournament Sleeves Contribution Margin Less Fixed Expenses Operating Income Tovthook and Media 191688 $ 338652 189027 14000 $ 89140 SUPPORT

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To calculate the annual breakeven point for Greer Golf Supplies we can use the following formula Bre... View the full answer