When a large quantity of merchandise is purchased, a reduction allowed on the sale price is called a trade discount

Indicate whether the statement is true or false


True

Business

You might also like to view...

What is a key element of high-performance work systems?

A. the organization B. the right people C. a rigid hierarchy D. exact synchronization between divisions E. measurable skill sets

Business

In calculating the depletion of a natural resource, its useful life in years is irrelevant

Indicate whether the statement is true or false

Business

Benson Company received cash of $1,000,000 from issuing common stock at par value. As a result of this transaction, the company's debt to equity ratio will:

A. Increase. B. Remain the same. C. Decrease. D. Cannot be determined.

Business

When a firm develops a knowledge asset, such as a process, pays for it and reuses it over and over at a very low cost, this adds ________ for the firm.

A. little value B. a competitive advantage C. tacit knowledge D. a recoverable loss

Business