Agribusiness, i believe is your answer
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Answer:
$6,000
Explanation:
The net operating income will increase by $6,000;
$70,000*30%-$15,000=$6,000
As the CM ratio is 30% and $15,000 are fixed expenses,net result will be increase in net operating income.
Answer:
The answer is A. $1,791.60
Explanation:
Annual interest payment on the loan is:
6% x $125,000
=$7,500
Therefore, monthly interest payment is $625($7,500/12 months).
Monthly payments (which comprise principal and interest payment) is $2,416.60.
The carrying value decrease when the first payment is made on January 31 was made will be:
$2,416.60 - $625
= $1,791.60