Question $23$

If the contribution margin ratio is $30\%,$ sales increase by $$100,000,$ and fixed expenses do not

change $-$ net operating income will:

Increase by $$300,000$

Increase by $$30,000$

Decrease by $$30,000$

Equal contribution margin

$$ V Screenshot $2023-11-06$ at $5....$

Question $36$

Equity historically has had a higher return than debt because:

Equity returns are less certain than returns on debt

Equity is less riskier than debt

Debt returns are less certain than returns on equity

Equity is more fun than debt