Markup pricing is popular because when all firms in the industry use this pricing method, prices tend to be similar, so price competition is minimized
Indicate whether the statement is true or false
TRUE
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Which of the following errors normally would not be automatically corrected over two accounting periods?
A) failure to record prepaid revenue B) failure to record accrued payroll liabilities C) failure to record depreciation expense D) failure to count inventory in transit at year-end
A firm has a degree of financial leverage of 1.20 . If earnings before interest and tax increase by 20%, then net income:
a. will not necessarily change. b. will increase by 20%. c. will decrease by 24%. d. will decrease by 20%. e. None of the answers are correct.
The memorized sales presentation is referred to as persuasive selling presentation.
Answer the following statement true (T) or false (F)
The Foreign Corrupt Practices Act of 1977 provides legal protection for individuals who report illegal organizational activities to appropriate persons or agencies
Indicate whether the statement is true or false