Question: Smiley corp is trying to determine its break even quantity. It produces bean bag chairs that have a price of $47 with $15 variable costs

Smiley corp is trying to determine its break even quantity. It produces bean bag chairs that have a price of $47 with $15 variable costs per unit and fixed costs of $159,150 a year. What is Smiley's break-even quantity?

Smiley has Revenues of $160,891, variable costs of $53,212 and fixed costs of $31,037. If Revenues go down 2%, what will be Smiley's EBIT?

Smiley has EBIT of $141, total Dollar Debt of $1,937, a cost of debt of 4% and a tax rate of 21%. If EBIT goes down 7%, what will be Smiley's Net Income?

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