When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by -more than 15% b/c fixed costs do not increase with changes in activity.
<h3>
What is Net operating income?</h3>
- Net income in business and accounting is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period..
- Net Operating Income, or NOI for short, exists a formula those in real estate use to quickly calculate the profitability of a particular investment. After deducting essential operational costs, NOI calculates the revenue and profitability of investment real estate property.
- By deducting all annual expenses from income, the NOI formula determines how profitable a potential investment property is over the course of a single year.
- After all costs have been deducted, operating profit displays a company's earnings, excluding the cost of debt, taxes, and some one-time expenses.
- Net income, on the other hand, represents the profit remaining after all costs incurred in the period have been subtracted from revenue generated from sales.
Hence,  When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by -more than 15% b/c fixed costs do not increase with changes in activity.
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Answer:
Explanation:
S/No        Date        Transaction          Dr($)          Cr($)
1             Oct.1         Rent Expense      3,600
                                     Cash                                 3,600
2.           Oct.3        Advert. Expenses  1,200
                                     Cash                                   1,200
3.            Oct.5           Supplies              750
                                      Cash                                      750
4             Oct.6       Office equipment     8000
                                 Accounts Payable                       8,000
5             Oct.10               Cash                1 4,800
                                 Accounts receivable                    14,800
6              Oct.15    Accounts payable      7,110
                                       Cash                                         7,110
7.              Oct.27    Miscellaneous             400
                                         Cash                                        400
8               Oct.30    Utilities Expenses      250
                                        Cash                                          250
9               Oct 31     Accounts receivable   33,100
                                        Fees earned                             33,100
10              Oct.31          Utility Expense       1,050
                                            Cash                                        1050
11               Oct.31                Drawings           2,500
                                               Cash                                    2,500
 
        
             
        
        
        
Answer:
An agency relationship
Explanation:
An agency relationship is one in which a party follows up for the benefit of and with the authority of another party. The head of a firm or organisation names or approves a specialist to follow up for the company benefit. Subsequently, she is answerable for the moves of the operator made in encouragement of her obligations or per the guidelines of the head. The specialist will connect with the third party on behalf of the company.
 
        
             
        
        
        
Answer:
$22
Explanation:
Book value per share of common stock=$8,690,000-(20,000*100)-(20,000*100*8%)/300,000
=$8,690,000-$2,000,000-$160,000/300,000
=$22