Carlton has developed a new cell phone that projects onto a surface instead of having a screen; this permits the user to attach it to a stand or lean it on one surface and use the surface it projects onto for the screen. By eliminating the screen, it can be made watch-size and worn on the wrist, as a pendant on a necklace, attached to a set of keys, or carried comfortably in one's pocket. Because he is certain the demand for the product will be high, he is setting the highest possible price for the new product. What pricing strategy is he using?
A. Price skimming
B. Penetration pricing
C. Differential pricing
D. Negotiated pricing
Answer: A
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Answer the following statements true (T) or false (F)
The SEC was created by Congress to replace the AICPA’s standard-setting group.
Which of the following is not true of the recordkeeping requirement under the Occupational Safety and Health Act?? A) ?Employers with eight or more employees are required under the act to keep records occupational injuries and illnesses
B) ?The employer is required to maintain accurate records of employee exposures to potentially toxic materials or harmful physical agents. C) ?Any employee who believes that a violation of a safety or health standard exists, may request an inspection. D) ?Employers are required to provide the records of health and safety statistics to the union on a regularly basis, or on demand.
People who are high on negative affectivity
A. are very optimistic and friendly. B. are incapable of feeling happy. C. frequently experience positive moods. D. are incapable of being pessimistic. E. frequently experience negative moods.
Gosling, Inc., a calendar year, accrual basis corporation, reported $756,000 net income after tax on its financial statements prepared in accordance with GAAP. The corporation's financial records reveal the following information:Gosling earned $3,500 on an investment in tax-exempt municipal bonds.
Gosling received an advance payment of rent this year for $25,000. This amount was not included in book income. Gosling's depreciation expense per books was $72,000, and its MACRS depreciation deduction was $105,000. Gosling recorded $58,000 of business meals and $27,000 of entertainment expense for book purposes. Gosling's federal income tax expense per books was $220,000. a. Compute Gosling's taxable income and regular tax liability.b. Prepare a Schedule M-1, page 5, Form 1120, reconciling Gosling's book and taxable income. What will be an ideal response?