A Tile Manufacturer Has Supplied the Following Data

question 52

Multiple Choice

A tile manufacturer has supplied the following data:

-If the company increases its unit sales volume by 3% without increasing its fixed expenses,then total net operating income should be closest to:

• A) $459,380
• B) $453,667
• C) $13,380
• D) $482,660

---

Definitions:

Fed

Refers to the Federal Reserve System, which is the central banking system of the United States, responsible for monetary policy.

Checkable Deposits

Deposits in a bank or other financial institution against which checks can be written or ATM or debit card transactions can be made.

Medium of Exchange

An instrument or system used to facilitate the sale, purchase, or trade of goods between parties, typically money in modern economies.

Store of Value

An asset that can be saved, retrieved, and exchanged in the future without depreciating significantly.