The operating expenses of GTH Manufacturing were $780,000 last year and $840,000 this year. During the year-end board meeting, John noted that operating expenses increased slightly during the month. How much did operating expenses actually increase during the year? Is John correct that this was a slight increase in operating expense, particularly if sales rose 2% for the year? Is the company in better or worse shape at the end of this year?

Answer rating: 100% (QA)

To determine the increase in operating expenses during the year we need to calculate the difference ... View the full answer