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E6-6 (Algo) Identifying Break-Even Point, Analyzing How Price Changes Affect Profitability; Calculating Margin of Safety, Target Profit [LO 6-1, 6-2, 6-3, 6-4] Sandy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: Sandy Bank sells its canoes for $375 each. Required: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars 2. If Sandy Bank selis 1,500 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500 ) $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit. Sandy Bank sells its canoes for $375 each. Required: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollar 2. If Sandy Bank sells 1,500 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price o \$500.) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars. (Do not round intermediate calculations. Round your final answers to nearest whole numbers) Sandy Bank sells its canoes for $375 each. Required: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars. 2. If Sandy Bank sells 1,500 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500.) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit: Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. If Sandy Bank sells 1,500 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales. price of $500.) (Round your answers to the nearest whole number.) Sandy Bank selis its canoes for $375 each. Required: 1. Suppose that Sandy Bank ralses its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars, 2. If Sandy Bank selts 1,500 canoes, compute its margin of sofety in dollars and as a percentage of sales. (Use the new sales price of \$500.) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit (3) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit. (Do not round your intermediate calculations. Round your answer to the nearest whole number, )

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