It has significantly decreased
Answer:
$121,200
Explanation:
Calculation to determine the gross profit that would appear on a multiple-step income statement
First step is to determine the Net sales
Sales $ 250,000
Less Sales Discounts ($1,500)
Less Sales Returns and Allowances ($2,300 )
Net sales $246,200
Now let determine the Gross profit using this formula
Gross profit=Net sales-Cost of Goods Sold
Let plug in the formula
Gross profit=$246,200-$125,000
Gross profit=$121,200
Therefore the gross profit that would appear on a multiple-step income statement is $121,200
Changing prices to attract customers is most difficult in a "<span>purely competitive market"
Hope this helps!</span>
Answer:
C. Stockholders are given discounts on the company's products.
Explanation:
The powers of stockholders are to be given discounts on the company's products.
Purchases account is going to increase on the credit side and the cash account is going to decrease ( to be written on the credit side).
