If a Firm Is Projected to Increases Revenues by 10

question 32

Multiple Choice

If a firm is projected to increases revenues by 10% AND net income by the same amount,which of the following must be true?

• A)There can be no variable costs.
• B)There can be no fixed costs
• C)There can be no taxes.
• D)The change in expenses must be exactly equal to the change in revenues.

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Definitions:

Learning Disability

A neurological disorder that affects a person's ability to receive, process, store, or respond to information, making it difficult for them to learn at the same pace or in the same way as their peers.

Illegible

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Handwriting Style

The unique manner in which an individual forms letters and words with a writing instrument.

Education For All Handicapped Children Act

A 1975 U.S. law, now called the Individuals with Disabilities Education Act (IDEA), that mandates free and appropriate public education for all children with disabilities.