The Following Income Statements Are Provided for Two Companies Operating

question 4

Multiple Choice

The following income statements are provided for two companies operating in the same industry: $\begin{array}{c}\begin{array}{|l|}\hline\\\hline \text {Reverue}\\\hline \text {Variable costs}\\\hline \text {Contribution margin}\\\hline \text {Fixed costs}\\\hline \text {Net income}\\\hline\end{array}\begin{array}{l|}\hline\text { Felix Company }\\\hline\$ 200,000 \\\hline (25,000) \\\hline 175,000 \\\hline (70,000) \\\hline \$ 105,000\\\hline \end{array}\begin{array}{l|}\hline\text { Jinx Compeny }\\\hline\$ 200,000 \\\hline (70,000) \\\hline 130,000 \\\hline(25,000) \\\hline \$ \quad 105,000\\\hline \end{array}\end{array}$
Assuming sales increase by $1,000,select the correct statement from the following:

• A) Felix's net income will be more than Jinx's.
• B) Only Felix will experience an increase in profit.
• C) Felix's net income will increase by $250.
• D) Jinx's net income will increase by 6%.

Understand the impact of information technology on organizations and management.

Define and understand the components and roles of information systems in organizations.

Comprehend the stages of e-commerce development and its significance for businesses.

Realize the ways information technology enhances organizational relationships with the environment.

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Definitions:

Press Secretary

A senior White House official whose primary responsibility is to act as spokesperson for the administration, managing communications and the dissemination of information to the press and public.

Main Political Value

The fundamental ethical and ideological principles that guide the political system of a country or organization.

Vice President

The Vice President is the second-highest executive officer of a government or organization, typically serving as an immediate deputy to the President, with various roles including presiding over legislative sessions and succeeding the President in case of their inability to serve.

Negative Attention

Unfavorable or adverse scrutiny from the public or media, often resulting in detrimental effects on reputation or status.