Answer:
i want to see the answer to this question
Answer:
The price of Android tablets will increase.
The demand for Android tablets will increase.
Explanation:
iPads and android Tablets are direct competition for one another.
So, when the average prices of an ipad goes up , some percentage of the <u><em>consumers will seek alternatives for similar product.</em></u> This is why the demand for android tablets will increase.
But, there is one more point to consider.
Online retailer tend to sell different brands of a similar product to its consumers. It is very likely that big retailers will sell both apple and andorid products in their store.
<u><em>if the price of Ipad goes up because of the change in the retailer's sale policies, that change will definitely affect the price of the android as well</em></u>
Because of this, The price of Android tablets will also increase. Even though the increase may not be as high as Ipad since they have lower baseline price/
Answer:
Debit Income Summary $84,800, Credit High Step Shoes, Capital $84,800
Explanation:
Preparation of what The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:
Debit Income Summary $84,800
Credit High Step Shoes, Capital $84,800
($192,000-$107,200)
(To close the Income Summary account )
