This entry will inappropriately decrease Jackson’s revenues, thus making the firm’s net income too low on its income statement, ending retained earnings too low on its retained earnings statement, and both its assets and its stockholders’ equity too low on its balance sheet.
Answer:
New target price is $ 180.
Explanation:
This question requires us to calculate the new target price. The detail calculation is given below.
Current price = Full cost + target income
Current price = $ 200 + $ 40
Current price = $ 240-A
New Price = A * (75%)
New price = $ 180
(new price is 75% of current price)
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Answer:
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Explanation:
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