Kinsley Corporation manufactures numerous products, one of which is called Kappa03. The company has provided the following data about this product: Unit sales (a) 50,000 Selling price per unit$36.00 Variable cost per unit$26.00 Traceable fixed expense$470,000 ?Assume that the total traceable fixed expense does not change. If Kinsley increases the price of Kappa03 to $38.52, what percentage change in unit sales would provide the same net operating income as is currently being earned at a price of $36.00? (Your answer should be rounded to the nearest 0.1%.)
A. -24.9%
B. -10.0%
C. -6.0%
D. -20.1%
Answer: D
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Answer the following statement true (T) or false (F)
Although not strictly illegal, the U.S. Justice Department frowns on reciprocity because the practice
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c. possible a Type II error has occurred. d. possible either a Type I or a Type II error has occurred.