An Increase in Projected ________ Will Increase Discretionary Funds Needed

question 94

Multiple Choice

An increase in projected ________ will increase discretionary funds needed.

• A) cash dividends
• B) sales
• C) retained earnings
• D) both A and B

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Definitions:

Fixed Cost

Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, and insurance premiums.

Gross Profit

Money available to cover the costs of marketing the product, operating the business, and profit.

Merchandise

Goods or products that are purchased, sold, or traded, often in the context of retail.

Emotional Intelligence

The combination of four abilities: (a) your ability to perceive other’s emotions; (b) your ability to identify your emotions, (c) your ability to understand what’s causing your emotion, and (d) your ability to manage your emotions.