Multiple Choice
Sales are $150,000 p.a., cost of sales is $100,000 p.a., fixed expenses are $18,000 p.a. and net profit is $32,000. If there is a 10% p.a. increase in sales volume predicted, what will be the new net profit?
A) $37,000
B) $47,000
C) $35,200
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Use the information below to answer the
Q2: Use the information below to answer the
Q3: Projected financial statements can assist management with
Q4: Sales are $150,000 p.a., cost of sales
Q5: The report that provides an estimate of
Q7: Projected operating profit after tax, plus projected
Q8: Use the information below to answer the
Q9: Use the information below to answer the
Q10: In preparing a set of budgets using
Q11: Preparation of projected financial statements:<br>A) aids investment