Mars Corp, has fixed costs of $300,000 and profit of $150,000. If sales increase 20%, by how much will profits increase? a30% b.20% C60% d-90 QUESTION 3 The Bourgeois Company is a merchandising company selling different types of shoes to customers. The company purchases the shoes from foreign vendors. Which of the following costs is NOT a product cost for the Bourgeois Company? 1) Advertising costs 2) Freight to ship the shoes to customers 3) Salary of employees in the customer service center 4) Salary of the employees in the credit and collections department 1,364 b.3&4 C1 and 3 d. None of the items listed are product costs for the Bourgeois Company QUESTION 4 The accountant for the Superior Company did not record services performed since the cash was not received. As a result, the following occurred: Assets are understated, Net Income is understated, Retained Earnings is understated Assets are understated, Net income is understated, Retained Earnings is overstated Assets are overstated. Net Income is overstated, Retained Earnings is understated d. Assets are overstated. Net Income is overstated, Retained Earnings is overstated