A Forecast Using a Percentage of Sales Model Expects Sales

question 118

Multiple Choice

A forecast using a percentage of sales model expects sales to increase by 5% over each of the next four years.If costs are proportional to sales at 80%, and last year's sales were $1,000, the net income in the fourth year will be:

• A)$48.62
• B)$145.86
• C)$227.60
• D)$243.10

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Definitions:

Behavioral Geneticists

Behavioral geneticists study the role of genetics and the environment in influencing human behavior, using methods including twin studies, family studies, and molecular genetics.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, including natural and built environments.

Cerebral Cortex

The outer layer of the brain's cerebrum, involved in high-level functions such as sensation, voluntary muscle movement, thought, reasoning, and memory.

Lobes

Divisions or sections of an organ in the body, notably in the brain, defined by natural divisions like folds, grooves, or fissures.