QUESTION 8 Using the information shown on textbook pg. 3-4 for Universal Sports Exchange, determine the new breakeven sales dollars amount if C&C Sports increased the sales price of jerseys by 8%? (format your answer without dollar signs, or comma's, and round to the nearest whole dollar, example: $104,321.49 would be entered as 104321) QUESTION 9 Using the information shown on textbook pg. 3-4 for Universal Sports Exchange, determine the new sales price for jersey's if management decides to adopt a "pass along the cost to the customer strategy" to maintain the current level of operating income if C&C Sports increases the sales price of jerseys by 8%? (format your answer without dollar signs, or comma's, and round to two decimal places; example: $25.56521 would be entered as 25.56) D 3-4 CHAPTER 3 Cost-Volume Profit Analysis and Pricing Decisions EXHIBIT 3.1 Universal Sports Exchange's contribution format income sent Ratio 1OON $ 30,00 51.620,000 73% SN 1 Universal Sports Exchange 2 Income Statement for the 52 weeks ended January 30, 2021 4 5 6 Sales 7 Less: variable expenses 3 Cost of goods sold $ 1.188.000 Sales commissions SL000 Tags 27.000 11 Total variable expenses 12 Contribution margin 11 Less: fed expenses Selling 145.000 Administrative 95.000 15 Totalfied expenses 200.000 17 Operating income $ 84,000 22.00 1.50 0.50 24,00 $ 6,00 BOX 20% 1.295,000 324,000 Reality Check who really uses breakeven analysis? Retall establishments and ma benefits at age 66 instead of age 62, you will breakevens between facturers have an obvious interest age 77 and in breakeven analysis. But who else Househunters can use breakeven to determine whether it might find the concept beneficial makes more sense to rent or buy a house. An important factor in Parmers can use breakeven this analysis is how long you expect to remain in the area and the analysis to determine whether ar's housing costs in Los Angeles, it will take about 3 years and crop will be protitable when taken to 3 months for the real costs to equal the costs of homeownership market prices begin to fall, farm But if you settle in Memphis, Tennessee, the breakeven point is e may we breakeven analysis to decide whether they should only one year and four months ella harvest in advance to take advantage of a higher price. For instance, as soybean prices dropped from stl per bushel to less Sources: Marilyn Kalfus. "When You Break Even as a Homeowner than 59 in the first half of 2015, farmers likely began to lock in Depends on Where You Live in Southern California. The Orange County Relater, May 23, 2018. https://www.oregister advance sales since the 59 price is the breakeven point for many com/2015/05/22/buy-entahome-is-southern California-beres farmers one-way to figure it-out (accessed August 16, 2018): Lorie Konish, Senior citizens can be breakeven analysis to decide when to Social Security reveal Calculations Can Be Misleading. CNBC, begin taking social security benefits. Retirees can begin drawing com. August 13, 2011. http://www.cnbc.com/2018/01/23/those beach as early as age 62, but the longer they wait to take benefits social security break-even calculations can be misleading html the greater the monthly amount. When deciding at what age to start (scored August 14, 2015Don Lee. "In Soybean Country, Trump's withdrawing the benet Tetirees need to determine the becakeven Trade Wer with China Teits Patience and Nerves." Los Angeles Times. point (age) where the total benefits taken at age 62 equal the total August 16, 2016, he/wwws.com/business/a-8-soybean benetes received later. For instance, if you choose to start receiving farmeistari 20160816 story.html(accessed August 10, 2018) We can use our definition of the contribution margin as a shortcut to finding the breakeven point. Since the contribution margin is the amount that is available to cover fixed expenses and provide a profit (so in the breakeven case). we can use the following formula to calculate the breakeven point in units: Totalfesed expenses = Becakeven point in units Contribution margin per unit $240.000 $600 40,000 jerseys