<span>An increase in the price of maple syrup will decrease both the equilibrium price and quantity in the market for pancakes. True
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Answer:
Net Increase in profit is $27,000
Explanation:
* The data was missing in this question, a similar question is attached with the answer, and answer is made accordingly. Please find it.
Sales ( $350,000 x 120% ) = $420,000
- Variable cost ( 40% ) = $168,000
- Traceable fixed cost( 175000+15000) = <u>$190,000</u>
Net Profit = $62,000
Net Increase in Net Income = $62,000 - ( 350,000 - (350,000 x 40%) - 175,000 ) = 27,000
Answer:
The board of directors because the board of directors are ahead of the chief executive, but below the CEO. But have power to control who their CEO is.
Could you comment the scenarios under this.