Your firm's sales are estimated to increase by 10 in the next year. However, soon after the beginning of the year it becomes apparent that the growth in sales is more likely to be 20.
If your cost of good sold consists of only variable expenses, and the relationship between revenues and costs remain the same, which of the following situations would you expect to be TRUE?
A) The percentage change in gross profit should be greater than the percentage change in sales.
B) The percentage change in gross profit should be less than the percentage change in sales.
C) The percentage change in gross profit should be zero because gross profit is not a function of sales if all CGS are variable.
D) The percentage change in gross profit should be the same as the percentage change in sales.
Question 2
The slope of the characteristic line of a security is that security's beta.
Indicate whether the statement is true or false
The phosphorus cycle. Numbers are 1012 g P or fluxes as 1012 g P per year (data from Schlesinger 199
Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ...
Increase in rainfall on continents
Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Walking into new year kids drawing