True !! Can I be marked as brainliest ?!
Answer: 26.5% increase
Explanation:
Current profit = Sales - Variable costs - fixed costs
= ((32.50 - 16.50) * 360 bears) - 1,420
= $4,340
Sales increase by 20% = 360 * ( 1 + 20%) = 432 bears
New profit;
= ((32.50 - 16.50) * 432 bears) - 1,420
= $5,492
Effect of sales increase = ( 5,492 - 4,340) / 4,340
= 26.5% increase
Answer:
$3,260
Explanation:
Preparation of December statement of cash flows for Ernst Consulting
ERNST CONSULTING Income Statement
For Month Ended October 31
REVENUES
Consulting fees earned $17,450
Total revenues $17,450
EXPENSES
Rent expense $4,530
Salaries expense $8,090
Telephone expense $880
Miscellaneous expenses $690
Total expenses $14,190
Net income $3,260
($17,450-$14,190)
Therefore December statement of cash flows for Ernst Consulting will be $3,260
The answer is D I hope this will help you.
By providing the letter with her maximum loan amount Margot risks reducing her negotiating ability
This is further explained below.
<h3>What is a pre-approval letter?</h3>
Generally, A letter from a lender that states that the lender is willing to lend to you in the event of prequalification or preapproval is a document that states the lender is willing to lend to you up to a particular loan amount.
This is not a guaranteed loan offer, and the document that you are looking at is based on certain assumptions.
In conclusion, Margot runs the risk of decreasing her capacity to negotiate by diminishing her leverage by submitting the letter with the maximum loan amount.
Read more about the pre-approval letter
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