(a) What is the gross margin now (b) What is the net operating income now (c) What is the contribution margin now 2 Suppose that sales are 23 higher as shown below (a) What is the gross margin now (b) What is the net operating income now (c) What is the contribution margin now (d) When sales increase by 23 , which of the following should also increase by 23 in a merchandising company (You may select more than one answer Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer Any boxes left with a question mark will be automatically graded as incorrect ) check all that apply 1 Variable costunanswered Fixed costunanswered Gross marginunanswered Contribution marginunanswered Net operating incomeunanswered (e) When sales increase by 23 , which of the following should increase by more than 23 in a merchandising company (You may select more than one answer Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer Any boxes left with a question mark will be automatically graded as incorrect ) check all that apply 2 Variable costunanswered Fixed costunanswered Gross marginunanswered Contribution marginunanswered Net operating income A B 1 Chapter 1 Applying Excel 2 3 Data $ 85,000 4 5 6 7 8 $ $ Sales Variable costs Cost of goods sold Variable selling Variable administrative Fixed costs Fixed selling Fixed administrative 64,000 6,400 6,200 69 9 10 $ 2 500 11 EA 1,500 A B 1 Chapter 1 Applying Excel N $ 104,550 4 5 $ 3 Data 4 Sales 5 Variable costs 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs 10 Fixed selling 11 Fixed administrative $ 78,720 7 872 7,626 8 $ $ $ 2,500 1,500

Question

(a) What is the gross margin now  (b) What is the net operating income now  (c) What is the contribution margin now  2  Suppose that sales are 23  higher as shown below  (a) What is the gross margin now  (b) What is the net operating income now  (c) What is the contribution margin now  (d) When sales increase by 23 , which of the following should also increase by 23  in a merchandising company  (You may select more than one answer  Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer  Any boxes left with a question mark will be automatically graded as incorrect ) check all that apply 1 Variable costunanswered Fixed costunanswered Gross marginunanswered Contribution marginunanswered Net operating incomeunanswered (e) When sales increase by 23 , which of the following should increase by more than 23  in a merchandising company  (You may select more than one answer  Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer  Any boxes left with a question mark will be automatically graded as incorrect ) check all that apply 2 Variable costunanswered Fixed costunanswered Gross marginunanswered Contribution marginunanswered Net operating income A B 1 Chapter 1  Applying Excel 2 3 Data $ 85,000 4 5 6 7 8 $ $ Sales Variable costs  Cost of goods sold Variable selling Variable administrative Fixed costs  Fixed selling Fixed administrative 64,000 6,400 6,200 69 9 10 $ 2 500 11 EA 1,500 A B 1 Chapter 1  Applying Excel N $ 104,550 4 5 $ 3 Data 4 Sales 5 Variable costs  6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs  10 Fixed selling 11 Fixed administrative $ 78,720 7 872 7,626 8 $ $ $ 2,500 1,500

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Question: (a) What is the gross margin now? (b) What is the net operating income now? (c) What is the contribution margin now? 2. Suppose that

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