K This question: 1 point(s) possible Resume later Submit test The income statement for Lovely Locks is divided by its two product ines, Curling bons and Straighteners as follows Sales revenue Variable expenses Contribution margin Fixed expenses Operating income (loss) Curling Irons 5040,000 Straighteners $200,000 Total $500,000 $470,000 $210,000 $600,000 $170,000 $50,000 $220.000 $75.000 $75,000 $150,000 $95.000 $425,000) $70,000 If Lovely Locks can eliminate fixed costs of $35,000 and increase the sale of Curling Irons by 0,500 units at a selling price of $32 per unit and a contribution margin of $0 per unit, then discontinuing the Straighteners should result in which of the fooing? A. Increase in total operating income of $113,500 OB. Increase in total operating income of $43,500 OC. Decrease in total operating income of $43.500 OD. Decrease in total operating income of $113.500 Time Remaining: 01-49.201 Next 622 PM 10/9/20 Exam * possible Question 5 of 50 This question: 1 point(s) possible Resume later Submit test Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands) Management's target rate of return is 30% and the weighted average cost of capital is 5%. Its effective tax rate is 35% Sales Operating income Total assets Current liabilities $5,000,000 2,000,000 4,000,000 840,000 What is the division's Residual Income (RI)? A. $280,000 OB. $1,750,000 Oc. $800,000 OD. $1,800,000 E Exam Question 7 of 50 This test: 50 point(s) possible This question: 1 point(s) possible Resume Submit If you invest $8,000 at the end of every year for nine years at an interest rate of 8%, the balance of your investment in 3 years will be closest to Future Value of $11 Periods 5% 6% 8% 10% 1.158 1.191 1.200 1.331 4 1.216 1.262 1,360 1.464 5 1.276 1.338 1.400 1611 6 1.340 1.410 1.587 1.772 Future Value of Annuity of $1 Periods 5% 6% 8% 10% 3 3.153 3.184 3.246 3.310 4 4.310 4.375 4506 4.641 A. $25,968 OB. $10,080 OC. $24,000 OD. $20,616