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Answer:
along, outward
Explanation:
Complementary goods are goods that complement each other in demand. An increase in quantity demanded of one product leads to increase in sand of the other.
For example tea and sugar. Since tea and sugar are taken together, an increase in demand for tea should result in increased demand for sugar also.
So a decrease in X above will lead to increased demand for X which also increase demand for its complement (Y).
An outward shift in Y means that at all prices Y's demand has increased (demand shift outward).
People who patronized liquor sellers are called guests. Before those people can be served, the bar man has to decide whether to sell drinks to them or not. Some factors that make one unqualified to buy drinks include: under-age, intoxication, pregnancy, etc. So, the bar man has to assess the guest and decide whether to sell to him or not. Thus, when you are assessing a guest, you are: considering the age of that person, you are determining whether the customer is already drunk, you are checking if the customer is pregnant, if female, etc. When you are assessing a guest, you are getting information about the behavior of the guest.
Answer:
a. $37,500
b. $22,800
Explanation:
The computation is shown below:
a. For operating income
Net Sales $300,000
Less: Cost of Goods Sold -$165,000
Gross Profit $135,000
Less: Selling, general and administrative Expenses $66,000
Less: Research and development expenses $31,500
Operating Income (EBIT) $37,500
b. For the net income
Operating Income (EBIT) $37,500
Less: Interest Expense -$7,100
Earnings before Tax (EBT) $30,400
Less: Taxes $7,600
Earnings after Tax or Net Income $22,800
We simply applied the above equation or format for determining the operating income and net income
