The four types of discounts are
A. quantity, seasonal, trade (functional), and cash.
B. quantity, trade-in, promotional, and cash.
C. cash, trade-in, seasonal, and promotional.
D. quantity, seasonal, promotional, and FOB.
E. trade-in, promotional, geographic, and functional.
Answer: A
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If an American tourist in Tokyo pays more in dollars for the same amount of yen that she bought last week, then:
A) a Japanese tourist in San Francisco pays more in yen for the same amount of dollars that she bought the week before. B) the dollar has depreciated relative to the yen. C) the yen has depreciated relative to the dollar. D) the dollar has appreciated relative to the yen. E) the dollar and yen both remained same in value.
Which one of the following statements is true?
a. Good cash management practices dictate that a company should maintain as large a balance as possible in its cash account. b. Sound internal control practice dictates that disbursements should be made by check. c. The person handling the cash should also prepare the bank reconciliation. d. Petty cash can be substituted for a checking account to expedite the payment of all disbursements.
Managers can use CVP relationships to conduct sensitivity analysis
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