A financial plan is only concerned with your future earnings and expenses. An examination of your current financial situation is not so important

This regret matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company. A minimax Bigg manager would choose S2 because it has the smallest maximum regret of 1

CA1 CA2 CA3 S1 5 5 3 S2 9 6 1 S3 10 2 5 Indicate whether the statement is true or false.

Presented are the income statements of Ritman and Taylor Publications companies for the current year:

Ritman Taylor Net sales revenue $487,000 100.00% $500,000 100.00% COGS 400,000 82.14% 395,000 79.00% Gross Profit 87,000 17.86% 105,000 21.00% Selling/Gen Expenses 30,000 6.16% 50,000 10.00% Income from operations 57,000 11.70% 55,000 11.00% Income tax expense 17,100 3.51% 16,500 3.30% Net Income $39,900 8.19% $38,500 7.70% Which company has the better relationship percentage-wise between selling and general expenses compared to net sales revenue? A) Impossible to determine B) Both have the same relationship C) Ritman D) Taylor