Mickey tire company makes a special kind of racing tire. variable costs are $ 240 per unit, and fixed costs are $ 25 comma 000 per month. mickey sells 400 units per month at a sales price of $ 315. if the quality of the tire is upgraded, the company believes it can increase the sales price to $ 400. if so, the variable cost will increase to $ 300 per unit, and the fixed costs will rise by 40%. if mickey decides to upgrade, how will operating income be affected? a. operating income will decrease by $ 10 comma 000. b. operating income will decrease by $ 24 comma 000. c. operating income will increase by $ 24 comma 000. d. operating income will remain the same.

How do primary and secondary industries differ

If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.