Income Statement (with cost of goods sold adjustment). Required: Prepare an income statement for year ended December 31. Rambler Company had the following activity for the year ended December 31: Sales revenue $2,050,000 Selling expenses $ 575,000 General and administrative expenses $ 330,000 Cost of goods sold (before adjustment) $ 700,000 Under-applied overhead $ 23,000'

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.