Use of a multiple-step income statement will result in the company reporting a higher net income than if they used a single-step income statement.

Jackson Manufacturers has provided the following information regarding the two products that it sells

Jet Boats Ski Boats Sales price per unit $10,000 $24,000 Variable cost per unit $4,800 $18,000 Annual fixed costs are $300,000. How many units must be sold in order for Jackson to break even, assuming that Jackson sells five jet boats for every two ski boats sold? (Round any intermediate calculations to two decimal places, and your final answer to the nearest unit.) A) 7 jet boats and 8 ski boats B) 39 jet boats and 16 ski boats C) 16 jet boats and 39 ski boats D) 8 jet boats and 7 ski boats

Ere are many different incentive plans that companies may use. _______ plans are often used to encourage collaboration among workers while __________ plans are more often used to reward individual effort:

A. Gainsharing, merit B. Commission, profit C. Commission, merit D. Gainsharing, profit