A Vision Statement is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.
The answer is $594.50, hope this helped you
Using the degree of operating leverage, the estimated impact on net operating income of a 5 % increase in sales is 6.45%.
The degree of operating leverage (DOL) measures how much a company's operating income varies in response to sales fluctuations.
The DOL ratio assists analysts in determining how changes in sales affect company earnings.
Because a company with high operating leverage has a high proportion of fixed costs, a significant increase in sales can result in significant changes in profits.
If sales increase by 5%, the calculation for increased Net Operating Income is as follows:
Increase in Net Operating Income = Sales Increase x Degree of Operating Leverage
= 5% x 1.29
= 6.45%
Hence, Using the degree of operating leverage, estimated impact on net operating income of a 5 % increase in sales is 6.45%.
Learn more about operating leverage:
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The deep-rooted and pervasive beliefs and stereotypes held by Chinese car buyers toward different brands illustrate the importance of assessing marketing factors when entering foreign markets. The Chinese judge other non-Chinese brands simply because they are NOT Chinese. They believe that these brands have substandard quality, thus, they don't like buying them.
Answer:
The answer is: I believe the question was not copied correctly since the numbers don't match.
The recorded transactions should be:
- Dr Cash 420,000
- Cr Sales Revenue of 300,000
- Cr Unearned Service Revenue of 120,000
Cash account should be debited, since it's an asset. Sales revenue should be credited since it increases equity.Unearned revenue is a type of liability, so it should be credited.