LPS Corporation's management has budgeted the following amounts for its next fiscal year: Total fixed expenses $500,000 Selling price per unit $50 Variable expenses per unit $15 If LPS Corporation spends an additional $21,000 on advertising, sales volume should increase by 5,000 units. What effect will this have on operating income?

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.