Individuals and businesses require compensation for delaying consumption. Which of the following questions may contribute to the magnitude of the compensation?
A) Is there a possibility that the price may increase for the delayed good or service?
B) If current consumption is delayed is it possible that it may not be realized at all?
C) How badly does the firm or individual wish to consume now and what do they require for delaying?
D) All of the above are legitimate reasons to require additional compensation for delaying consumption.
D
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In order to determine inventory for its balance sheet, it is best for a company to count the inventory at the end of its accounting period for
a. The perpetual inventory system b. The periodic inventory system c. Both the periodic and perpetual inventory systems d. Neither the periodic nor perpetual inventory systems
A company's sales forecast would likely consider all of the following factors except:
A. market research studies. B. planned advertising and promotions. C. the company's product costing policy. D. the company's intended pricing policy. E. past sales levels and trends.
A nonprofit mailed each of its donors an annual report. This action is an example of which step of the fund-raising process?
A. qualifying prospects B. efficiency and effectiveness C. identifying organizational goals D. stewarding the gift and the relationship
Each asset and liability ____ listed on the balance sheet
A) is B) are C) were