When a major moving van company sells accessory products (boxes, bubblewrap, etc.) that must be used in moving a household's furniture, the company is practicing captive pricing
Indicate whether the statement is true or false
TRUE
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Which of the following is not true regarding Accounting Series Release No. 4?
a. It stated that financial statements filed with the SEC and prepared in accordance with accounting principles for which there is no substantial authoritative support would be presumed to be misleading. b. It implied that the SEC might in the future determine acceptable accounting practices and mandate methods to be used in reports filed with it. c. It established an authoritative body for the development of accounting standards. d. It indicated that the SEC was growing impatient with the accounting profession.
Mr. Sandwich offers customers a card that allows them to have a free sub for every seven that have been purchased and provides various discounts throughout the year. The primary promotional objective of programs such as this is
A. encouraging product trial. B. retaining existing customers. C. stimulating demand. D. combating competitive promotional offers. E. reducing sales fluctuations.
A 55 year old supervisor who has always received good performance appraisals is downsized. Two younger (42 and 45 year old) supervisors from the same department, whose performance had been rated lower, were nonetheless retained. The employer says that it had to save money and that the older supervisor earned considerably more money (he did). If the termination is legally challenged, a court would
most likely decide: a. For the employer because employee could not establish a prima facie case of age discrimination under the ADEA b. For the employer because the employees retained were also over 40 years of age c. For the employer because it had a lawful, non-discriminatory motive for the termination d. For the employee because the employer has engaged in disparate treatment based on age e. For the employee because salary level is a neutral criterion that creates adverse impact against older employees
All of the following accounts will appear on the post-closing trial balance except:
A. Depreciation Expense B. Accounts Payable C. Land D. Capital