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17 February, 20:18

Every dollar flingers saves in purchasing has the same impact as what amount of increased sales?

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  1. 17 February, 20:35
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    The $20 amount of sales has increased

    Explanation:

    The amount of increased sales for the year 2014 is computed as:

    Increased sales = Sales / Pre - tax earnings

    where

    Sales for the year amounts to $10,000,000

    Pre - tax earnings for the year amounts to $500,000

    Putting the values above:

    Increased Sales = $10,000,000 / $500,000

    = $20

    Here we have to found, the increased sales, so only the sales amount and the earnings is considered while computing or evaluating the same.

    NOTE: Here the question is missing as in the items are missing. So, I am providing the same. This is the question:

    Flingers Company states the information in their annual report for the year 2014.

    Earnings and Expense as:

    Sales - $10,000,000

    Cost of goods sold - $5,000,000

    Pretax earnings - $500,000

    Few Items of Balance Sheet

    Merchandise inventory - $80,000

    Total assets - $2,000,000
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