Ellis McCormick and Elaine Sury are owners of MeetingKeeper, a company that sells personalized daily...
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Accounting
Ellis McCormick and Elaine Sury are owners of MeetingKeeper, a company that sells personalized daily planners. Last month, the company sold 1,500 planners at a price of $6 per planner. Variable costs were $2.40 per unit; fixed expenses were $3,600. This month, Ellis and Elaine have decided to spend $2,000 to advertise in the local newspaper. They believe that the additional advertising will generate 25% more sales volume than last month. What will be this month's operating income? (a)$3,150 (b)$1,150 (c)$775 (d)($1,100)
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