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MrRa [10]
3 years ago
7

A price searcher a. faces a horizontal demand curve. b. is a seller that searches for the best location to sell its product. c.

is a seller that has the ability to control to some degree the price of the product it sells. d. is a seller that searches for good employees and pays them a low wage.
Business
1 answer:
Mazyrski [523]3 years ago
5 0

Answer: The correct answer is "c. is a seller that has the ability to control to some degree the price of the product it sells.".

Explanation: A price searcher is a seller that has the ability to control to some degree the price of the product it sells.

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The following is a partial trial balance for the Green Star Corporation as of December 31, 2021:
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Answer and Explanation:

The presentation of the income statement is presented below:

Income statement

Revenues and gains:  

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Add: Interest revenue       35,000

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Total revenues and gains      1,490,000

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Income tax expense     - 135,000

Net income    305,000

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2.

Income statement

Sales            1,400,000

Less: Cost of goods sold - $740,000

Gross profit      660,000

Less:

Operating expenses:  

General and administrative expenses $80,000  

Selling expenses $185,000  

Total operating expenses  -$265,000

Operating income $395,000

Other incomes and expenses  

Interest revenue  $35,000  

Gain on sale of investment $55,000  

Interest expense  -$45,000  

Total other income, net  $45,000

Less: Income before income tax $440,000

Income tax expense -$135,000

Net income $305,000

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2 years ago
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