Spice Inc's unit selling price is $60, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increase by 8,000 units?
A) $150,000 decrease
B) $175,000 increase
C) $200,000 increase
D) $150,000 increase
C
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A) mark-sense forms B) keypunching C) optical scanning D) CATI/CAPI/Internet E) objective sort and entry
Which of the following documents would not originate with the purchasing company?
a. Purchase order b. Check c. Receiving report d. Invoice
If an investment in stock is reclassified from available-for-sale securities to trading securities, the stock should be recorded on the date it is reclassified at the
a. market value at the date of acquisition. b. book value at the date of reclassification. c. market value at the date of reclassification. d. lower-of-cost-or-market value at the date of reclassification.
Small businesses generate 50% of total employment in American inner cities.
Answer the following statement true (T) or false (F)