Using the percent of sales method and assuming that no excess capacity exists, a 20% increase in
sales will result in
A) a 20% increase in total liabilities.
B) a 20% increase in total assets.
C) a 20% increase in the company's profit margin.
D) a 20% increase in retained earnings.
B
Business
You might also like to view...
Changes made to a policy must be
A) approved in writing by the insured, agent and executive officer of the insurance company. B) approved in writing by the insured and initialed by one of the insurer's executive officers. C) approved in writing by the insured and initialed by the agent. D) approved in writing by an executive officer of the insurance company.
Business
The ultimate level of segmentation leads to "segments of one," "customized marketing," or "one-to-one marketing."
Indicate whether the statement is true or false
Business