Variable and absorption costing grant company sells its product for $50 per unit. variable manu-

facturing costs per unit are $30, and fixed manufacturing costs at the normal operating level of 18,000

units are $90,000. variable selling expenses are $4 per unit sold. fixed administrative expenses total

$155,000. grant had 7,000 units at a per-unit cost of $35 in beginning inventory in 2016. during

2016, the company produced 18,000 units and sold 20,000. would net income for grant company in

2016 be higher if calculated using variable costing or using absorption costing? calculate reported

income using each method.

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect