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SockTABS Exereise 249 Fall 2018 Name: UPDATED GIVEN INFORMATION After a few years, business is...

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SockTABS Exereise 249 Fall 2018 Name: UPDATED GIVEN INFORMATION After a few years, business is booming for SockT internet s most recent six months of business with 100% of sales being made to wholesalers. ABs. Glen and Tracie did end up ending the f their business. Below is a contribution margin income statement reflecting the side o 40,000 pkgs %OF TOTAL PER UNIT SALES 100.00% $160,000 60,000 $100,000 12,250 $4.00 Sales Variable Expenses Contribution Margin Fixed Expenses Net Operating Income 1,50 37,50% 62.50% $2.50 7. Based on the UPDATED GIVEN INFORMATION, what is SockTABs' degree of operating leverage? Calculation Answer 00139 1.14 8. Glen and Tracie want to grow the business. Their goal is to be able to generate $100,000 of net operating income for a six month period. Assuming the per unit sales, per unit variable expenses, and total fixed costs remain constant, how many additional units would have to be sold to hit the goal? Calculation Answer Page 7 of 8

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