Lott co. had one unit in beginning inventory that cost $5. lott paid cash to purchase two additional inventory items. the first item was purchased at a cost $6, and the second cost $7. lott co. sold two inventory items for $10 each, receiving cash. based on this information alone, indicate whether the following statement is true or false. cash flow from operating activities would be $7 assuming a lifo cost flow was used. true or false?

Required: 1-a. the marketing manager argues that a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. calculate the increase or decrease in net operating income. 1-b. should the advertising budget be increased ? yes no hintsreferencesebook & resources hint #1 check my work 8.value: 1.00 pointsrequired information 2-a. refer to the original data. management is considering using higher-quality components that would increase the variable expense by $2 per unit. the marketing manager believes that the higher-quality product would increase sales by 10% per month. calculate the change in total contribution margin. 2-b. should the higher-quality components be used? yes no