Answer:
The correct answer is (b)
Explanation:
Sale promotion is an effective way to improve short-term sales and at the same time attract new potential buyers. Ice scrapers sale promotion strategy will help them to increase their sales revenue. As they are offering buy two get one free sale on black Friday the overall prices will decrease that will increase the demand.
Answer:
a) Cash basis - 2017
b) Accrual basis - 2016
Explanation:
Requirement a)
The wage expense would be reported in 2017 on the income statement under the cash basis. According to the cash basis accounting, the expenses have occurred only when the cash is paid. Therefore, whatever the employees did in 2016 would not be reported as an expense if they did not get the payment in 2016. Managers cannot apply the matching principle in Cash basis accounting.
Requirement b)
The wage expense would be reported in 2016 on the income statement under the cash basis. It matches with the matching principle. It is a matching concept example. According to the accrual basis accounting, the expenses would be reported whenever the employees performed for the company regardless of getting paid on that year or not.
The advantage that single-step income statement has an over the multiple-step income statement is that they do not imply that one type of revenue or expense has priority over another.
<h3>What is an
income statement?</h3>
In accounting, an income statement means a financial statement that shows the firm's income and expenditures.
In conclusion, the advantage that single-step income statement has an over the multiple-step income statement is that they do not imply that one type of revenue or expense has priority over another.
Read more about income statement
<em>brainly.com/question/24498019</em>
Because of friction, the work done by a machine is always less than the work done on the machine. Because friction is always present, the actual mechanical advantage of a machine is always less than the ideal mechanical advantage. of a machine is the number of times that the machine increases an input force. Does this help you?
Answer:
d. Unlike monopolies and monopolistically competitive markets, oligopolies prices do not exceed their marginal revenues.
Explanation:
An oligopoly can be defined as a market formation where in a given sector of the economy there are only a small number of competing companies offering a product or service. Its structure is formed by imperfect competition (between monopoly and perfect competition).
The difference between monopoly and oligopoly is that the number of companies that the market has will set the price of products in an oligopoly market, whereas in the monopoly only one company dominates the market and therefore that company determines the price of the good, as it is a market without competition. Therefore, alternative D is the incorrect one.