The kinked-demand curve for oligopolists assumes that rivals will match price cuts, but ignore price increases. match price cuts and price increases. neither match price cuts nor price increases. match price increases, but ignore price cuts. b. There is a gap in the oligopolist’s marginal-revenue curve because price drops abruptly. price rises abruptly. the cost of production changes abruptly. the slope of the demand curve changes abruptly. c. The kinked-demand curve explains price rigidity in oligopoly because firms expect any change in price will lower revenue and profits. firms agree to a given price. the firm's revenue will fall as the price falls. firms will not agree to a given price. d. Shortcomings of the kinked-demand model include a lack of explanation for how the initial price is set. the allowance for collusion. a lack of explanation for how the final price is set. the allowance for price leadership. Next Visit question mapQuestion 18 of 24 Total18 of 24 P

Which is part of the sales process? a. customer retention b. billing c. cost planning d. customer relations

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.