A tax credit has a full dollar effect in lowering taxes.

BP violated the Clean Air Act by discharging pollutants from one of its refineries and was unable to reach a settlement with the EPA regarding a violation of the law. The EPA plans to go forward with a trial on this matter which will be heard by

a. an administrative law judge. b. a county court judge. c. an appellate court judge. d. the Supreme Court.

Franklin Producers sells its core product for $8 per unit and has variable costs of $6 per unit. Total fixed costs are $28,000. Suppose variable costs increase by 20% due to an increase in the cost of direct materials

What will be the effect on the breakeven point in units? A) Decrease from 2,000 units to 1,842 units B) Decrease from 14,000 units to 4,118 units C) Increase from 14,000 units to 35,000 units D) Decrease from 4,667 units to 3,889 units