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Firdavs [7]
3 years ago
12

Refer to the original data. The sales manager is convinced that a 10% reduction in the selling price, combined with an increase

of $31,000 in the monthly advertising budget, will double unit sales. If the sales manager is right, what will be the revised net operating income (loss)?
Business
1 answer:
alexdok [17]3 years ago
5 0

Answer:

profit and loss statement

Explanation:

the excel sheet has been attached kindly refer the attachment.

Download xlsx
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The correct answer is: 10 years.

Explanation:

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not-for-profit organization held the following investments: Investment Cost Fair value (beginning of year) Fair value (end of ye
arsen [322]

Answer:

$14,900

Explanation:

not-for-profit organization will report the investments at the fair value of the investments end of year, in the year-end statement of financial position.

Here,

Investment                                   Fair value (end of year)

Stock A (100 shares)                                     $51

Stock B (200 shares)                                    $49

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Total Investment fair value at end of year = $14,900

$14,900 will be the amount reported in stock investments in the year-end statement of financial position.

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