On march 15, maxwell plush sold and shipped merchandise on account for $6,000 to kittson amusement park, terms fob shipping point, n/30. maxwell's cost of goods sold is 40% of sales. how is maxwell impacted by this sale on march 15? (a)- its assets will increase, as will its equity. (b)- its assets will remain the same, while its equity decreases. (c)- its assets will remain the same, while its equity increases. (d)- its assets will increase, while its equity remains the same

(a)- Its assets will increase, as will its equity

Explanation:

The commercial terms state FOB shipping point therefore the transfer succeeds once the cargo enter the port.

The sale is thus completed. The revenue can be recognize thus, increasing the company's equity and assets.

Account receivable(+Assets)     debit

             Sales Revenue(+Equity)           credit

answer; i believe the correct answer is (180)

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.