The following balance sheet and income statement should be used: All costs and net working capital vary directly with sales. Sales are projected to increase by 12%. What is the projected increase in accounts payable?
A) $330
B) $370
C) $410
D) $780
E) $810

Question

The following balance sheet and income statement should be used:   All costs and net working capital vary directly with sales. Sales are projected to increase by 12%. What is the projected increase in accounts payable?
A) $330 
B) $370 
C) $410 
D) $780 
E) $810

Quizplus · Accepted Answer

The Answer of The following balance sheet and income statement should be used:   All costs and net working capital vary directly with sales. Sales are projected to increase by 12%. What is the projected increase in accounts payable?
A) $330 
B) $370 
C) $410 
D) $780 
E) $810

The Following Balance Sheet and Income Statement Should Be Used