Answer:
The net income for 2020 was $90,000
Explanation:
Shmenson Company
Income Statement for the year ended 2020
Sales $470,000
Less Cost of Sales
Beginning Inventories $70,000
Add Net purchases $180,000
Add Freight In $15,000
Less Ending Inventories ($60,000) ($205,000)
Gross Profit $265,000
Less Expenses
Operating expenses ($175,000)
Net Income $90,000
Conclusion
Thus, the net income for 2020 was $90,000.
Answer: Micromarketing.
Explanation:
Micromarketing is applied by Land's end clothing company, where different tiny sections of a market are being targeted by the clothing designs and sizes produced. Micromarketing is form of marketing, where a smaller section of a large market is a company's target for sales.
<span>The equilibrium Price.</span>
The government could achieve reduction of cigarette consumption to by imposing a per-unit tax on cigarettes of 200 billion packs per year
<h3>What can Taxation achieve?</h3>
A taxation refers to compulsory levies on individuals, business by the governments on their income, operation etc.
In conclusion, apart from the revenue that tax generates for the government official, its also serves as tool for controlling consumption.
Read more about taxation
<em>brainly.com/question/25783927</em>
Answer:
Price=150
Explanation:
Total revenue (TR) is given by 
. We can get the quantity from the demand equation. Then
where p is the price. To find the maximum revenue we take derivatives with respect to the price and equalize it to zero
solving for p we have that p=150
