Answer:
increase by $11,000
Explanation:
The computation of net operating income is shown below:-
Revenue = Sales per unit × Sales price per unit
= 3,000 × $70
= $210,000
Less variable costs = Sales per unit × Variable cost per unit
= 3,000 × $50
= $150,000
Fixed costs = $25,000
Net income = Revenue - Less variable costs - Fixed costs
= $210,000 - $150,000 - $25,000
= $35,000
Contribution margin per units = $70 - $50
= $20
Increase by 10%, it will be
$20 × (1 + 0.1)
= $22
If it decrease by 20%
= $25,000 × (1 - 0.20)
= $20,000
Net income = $3,000 × 22 - 20,000
= 46,000
So it was 35,000, with the changes it is 46,000. That increase by $11,000
The formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.
<h3>What is receivable turnover ratio?</h3>
The receivable turnover ratio is what measure the number of times over a given period that a company collects its average account.
It is the number of times per year that a business collects its average accounts receivable.
Hence, the formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.
Learn more about receivables turnover ratio here : brainly.com/question/24849094
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Complete Question:
The first two files attached contain the complete question
Answer:
Other file shows a step by step solution as follows
answer 1
answer2 etc
Answer:
Total debt ratio will be 44 %
So option (c) will be the correct option
Explanation:
We have given monthly principal and interest on mortgage loan = $635
Monthly Tax and insurance payments = $125
Car lease payment = $350
Now total monthly obligations = $625+$125+$350 = $1100
Gross monthly income = $2500
We have to find the total debt ratio
We know that total debt ratio is given by
Debt ratio 
%
So option (c) will be the correct option
Answer:
C the economy remains in a contraction for two quarters.
Explanation:
A recession is a period characterized by a decline in the level of economic activities. A decrease in the GDP value indicates the slowing down of economic activities. Should be GDP value decline for two or more consecutive quarters, the economy is said to be in a recession. Slowing down or decline in economic activities is referred to as contraction.
During a recession, the level of unemployment rises, demand for goods and services reduces, and income levels also decline. Recessions usually last between six to eighteen months. A prolonged recession results in depression.
