Data concerning Hogarth Corporation's single product appear below: 
Fixed expenses are $96,000 per month.The company is currently selling 1,000 units per month.
Required:
The marketing manager believes that a $12,000 increase in the monthly advertising budget would result in a 110 unit increase in monthly sales.What should be the overall effect on the company's monthly net operating income of this change? Show your work!
Definitions:
Income-sharing Ratio
The predetermined proportion used to distribute earnings or losses among business partners or shareholders according to their agreement.
Fair Value
The amount one would receive from selling an asset or the cost to transfer a liability during a systematic transaction among market participants on the date of valuation.
Partnership Interest
An ownership share or interest in a partnership, representing a partner's stake in the profits, losses, and assets of the business.
Appraisal
The process of professionally evaluating the market value of a property or asset.
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