New Rock, Inc. sells video games it has purchased from a local distributor. The following static budget is based on sales of 8,000 games. However, New Rock only sold 7,800 games during the year. Fixed costs are 30% of total operating expenses

Sales$512,000Cost of goods sold (variable)230,000Gross margin282,000Operating expenses220,000Net income$ 62,000

Prepare a flexible budget.

Solution:

                                           New Rock, Inc.

                                           Flexible Budget

Sales Revenue (7,800 x $64)                                           $499,200

Cost of Goods Sold (7,800 x $28.75)                               224,250

Gross Profit                                                                         274,950

Variable operating expenses(7,800 x 19.25)                   150,150

Fixed operating expenses ($220,000 x 0.30)                  66,000

Net Income                                                                        $58,800

so i don't know what video you're talking about, but here's some stuff steve jobs gave as advice.

- love what you do.

- the worst thing that could happen might turn out to be the best thing that could happen.

- follow your heart and trust it knows where it's going.

answer; the correct answer is (direct foreign investment);