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Data Concerning Lemelin Corporation's Single Product Appear Below

question 89

Multiple Choice

Data concerning Lemelin Corporation's single product appear below:
The company is currently selling 7,000 units per month. Fixed expenses are $581,000 per month. Consider each of the following questions independently.
-This question is to be considered independently of all other questions relating to Lemelin Corporation.Refer to the original data when answering this question. The marketing manager would like to introduce sales commissions as an incentive for the sales staff.The marketing manager has proposed a commission of $20 per unit.In exchange,the sales staff would accept a decrease in their salaries of $113,000 per month.(This is the company's savings for the entire sales staff.) The marketing manager predicts that introducing this sales incentive would increase monthly sales by 300 units.What should be the overall effect on the company's monthly net operating income of this change?

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Upward Sloping

A graph line that shows an increase in value over time, often used in economics and finance to indicate growth.

Convertible Bonds

Security that is convertible into shares of common stock, at a fixed price, at the option of the bondholder.

Subordinated Debt

A type of debt that ranks below other debts with regard to claims on assets or earnings in the event of a liquidation.

Junk Bonds

High-yield but high-risk bonds issued by companies or entities with lower credit ratings, indicating a higher risk of default.