Answer Happy

Posted: **Thu Apr 28, 2022 1:50 pm**

: Last Year Cayman Corporation Had Sales Of 7 Million Total Variable Costs Of 3 Million And Total Fixed Costs Of 1 M 1 (15.11 KiB) Viewed 24 times

: Last Year Cayman Corporation Had Sales Of 7 Million Total Variable Costs Of 3 Million And Total Fixed Costs Of 1 M 2 (17.04 KiB) Viewed 24 times

: Last Year Cayman Corporation Had Sales Of 7 Million Total Variable Costs Of 3 Million And Total Fixed Costs Of 1 M 3 (14.72 KiB) Viewed 24 times

Last year. Cayman Corporation had sales of $7 million, total variable costs of $3 million, and total fixed costs of $1 million. In addition, they paid $480,000 in interest to bondholders. Cayman has a 21% marginal tax rate. If Cayman's sales increase 6%, what should be the increase in operating income? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. ROUND TO 2 DECIMAL PLACES AT THE END. DO NOT ENTER THE % SIGN. FOR EXAMPLE, IF YOUR ANSWER IS 9.4567. ENTER IT AS 9.46.
1 pts Last year. Cayman Corporation had sales of $27 million total variable costs of $13 million, and total fixed costs of $5.000.000. In addition, they paid $3 million in interest to bondholders. Cayman has a marginal tax rate of 21 percent. If Cayman's sales increase by 15%, what should be the increase in operating income? SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND TO 2 DECIMAL PLACES AT THE END. DO NOT ENTER THE % SIGN. FOR EXAMPLE, IF YOUR ANSWER IS 12.7125, ENTER IT AS 12.71
Last year. Cayman Corporation had sales of $6,633,408, total variable costs of $2,630,498, and total fixed costs of $1,513,582. In addition, they paid $480,000 in interest to bondholders. Cayman has a 21% marginal tax rate, If Cayman's sales increase 9%, what should be the increase in earnings per share? SET YOUR CALCULATOR TO 4 DECIMAL PLACES, ROUND TO 2 DECIMAL PLACES AT THE END. DO NOT ENTER THE % SIGN, FOR EXAMPLE, IF YOUR ANSWER IS 9.4567. ENTER IT AS 9.46