Of the five modes of transportation, which one requires the lowest capital investment?
A) water B) air C) motor D) pipeline E) rail
C
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Herndon Corp purchased merchandise on account from Likert Corp on November 18, 2016 . On November 21, 2016, Herndon returned damaged merchandise to Likert and was granted an adjustment on its account. Herndon uses the periodic inventory system. What effect does the merchandise return have on Herndon's accounting equation?
a. Assets and liabilities decrease. b. Assets and stockholders' equity decrease. c. Liabilities and stockholders' equity decrease. d. Liabilities decrease and stockholders' equity increases.
David manages a Shoney's restaurant. He is considering staying open later in the evening. For David, the variable costs associated with staying open longer hours will include all of the following except
A. rent on the restaurant building. B. hours worked by the servers. C. hours worked by cooks. D. ingredients used in preparing food. E. energy costs.
. Pricing is based on the amount the customer is expected to pay for the product, its perceived value, and the degree to which the price can be raised or lowered depending on:
a. market demand and competitor pricing. b. manufacturing costs and location. c. marketing campaigns and customer freedback. d. wholesaler disounts and retail markup.
Resellers are business intermediaries who buy finished goods and resell them for a profit. Their business model dictates that they consider several factors when deciding which products to buy. Which of the following is a factor the reseller considers when making purchase decisions?
A. The sales tax that must be charged on the product B. The number of substitutes for the product C. The availability of financing programs for purchasing the product D. How the product fits within the product mix of the reseller's other products E. The perishability of the product