Since your town was impacted in a negative way by the flooding the demand for home improvement items will be high. When demand is high and supply is low it can drive up prices. Most stores would definitely take advantage of this supply and demand case because they could turn a bigger profit. That would be a motivating reason for some people or companies.
As for me personally, I would not raise prices in my business because I feel that is taking advantage of people in a bad situation. You know that they are going to need to supplies to help them fix flood damage and they will have no option but to buy the needed materials. However, if you raise prices it could backfire on you and they may go somewhere else to get the materials needed instead of shopping with you.
The answer A is good for the readers self-interest
Answer:
$84,000
Explanation:
A company's net income can be determined by subtracting the cost of goods sold from the revenues to obtain the income before taxes and then multiply it by one minus the tax rate.
If revenues are $400,000 and cost of goods sold are $280,000 at a tax rate of 30%, net income for the year is:
The company's net income for the year is $84,000.
Answer:
Correct answer: " There are changes in the inventory quantities during the period".
Explanation:
Cost- Volume profit analysis refers to a method, which focuses on determining the impact of the various levels of cost and the volume on the operating profit of the business.
It is also known as break-even analysis which is used by the managers to make short-term decisions. It includes various assumptions, which may include the fixed costs, variable costs, sales price per unit that are constant.
I expect to spend 16 to 25 years in retirement