Answer:
The monthly Net Operating Income would reduce by $100 if additional funds are allocated to Marketing Expenses.
Explanation:
I have attached a screen shot of my workings, give it a look and you will have a better idea of what is going on.
Key Points:
- New units to be sold are 7,210.
- Variable Expense is calculate as (Sales * Percentage of Variable Expense).
- A new Fixed cost of 6,700 for Marketing will be deducted.
I hope I made it very much clear for you. Feel free to ask if you have any confusion.
Thanks!
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Answer: Incomplete question.
Match the following terms to there definition.
Explanation:
1. Tells whether a company can pay all its current liabilities if they become due immediately - Quick Ratio
2. Measures a company's success in using assets to earn income - Return on Assets
3. The practice of comparing a company with other companies that are similar - Benchmarking
4. Indicates how rapidly inventory is sold - Inventory turnover
5. Shows the proportion of a company's assets that is financed with debt - Debit Ratio
6. Tells the percentage of a stock's market value that the company returns to stockholders annually as dividends - Dividend Yield
7. Measures a business's ability to pay interest on its debt - Interest coverage ratio
8. Measures a company's ability to collect cash from credit customers -
Account Receivable Turnover