Under an income statement prepared using absorption costing,expenses are grouped according to cost behavior.

Bussy Corporation produces and sells a single product whose contribution margin ratio is 54%. The company's monthly fixed expense is $561,600 and the company's monthly target profit is $34,560.Required:Determine the dollar sales to attain the company's target profit.

​Firms tend to raise the price of their goods after acquiring a firm that sells a substitute because

A) ​They lose market power
B) There is an increase in the overall demand for their products
C) The bundle has a more elastic demand than individual goods
D) ​The bundle has a more inelastic demand than individual goods

Creditors that use information from credit-reporting agencies cannot be held liable for violations of the Fair Credit Reporting Act.

Tax incidence refers to

A) what product or service the tax is levied on.
B) who bears the tax burden.
C) what sector of the economy is most affected by the tax.
D) the dollar value of the tax revenues.