Answer:
increase, decrease
Explanation:
In simple words, when the tax was imposed on the product the company will ultimately bear it to the final consumer which means the price will rise. However when the price of the product rises the demand for that product decreases due to the fact that many individuals would not be able to buy it now from their limited income, this phenomenon is called price elasticity due to income.
Answer:
<u>income statement using an absorption income statement format.</u>
Sales ( 480 × $1,960) 940,800
Less Cost of Sales ( 480×$1,350) (648,000)
Gross Profit 292,800
Less Operating Expenses
Variable selling and administrative expenses (480×$40) (19,200)
Fixed selling and administrative expenses $225,000 (225,000)
Interest Expense ($12,000)
Net Income $36,600
Explanation:
Absorption Costing Considers BOTH variable and fixed costs in product cost.Non-Manufacturing are treated as period costs.
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Answer:
Option D is correct
Explanation:
Due to the increase in awareness amongst target market would increase consumers demand of product which would increase revenue.
<span>The correct option is A. Down payment is defined as the initial payment that is usually made to the seller when goods are bought on credit. Down payment is an indication that the buyer meant to buy the goods and that he will complete the payment later. Down payment are usually a certain percentage of the worth of the goods that are to be bought.</span>
