Prestige pricing:
A. equalizes supply and demand
B. uses high prices to promote a high-quality product
C. is the practice of marking up prices by 100 percent
D. is also called leader pricing
E. emphasizes the monetary nature of price
Answer: B
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The president of the United States is considering two different candidates to chair the Federal Reserve. If he chooses Alan, the probability that inflation will be 2 percent is 0.4 and the probability that inflation will be 4 percent is 0.6. If the president chooses Ben, the probability that inflation will be 2 percent is 0.6 and the probability that inflation will be 3 percent is 0.4. If you are an investor with your funds invested in bonds paying 7 percent, calculate the standard deviation of your real return if Alan is chosen to chair the Fed and if Ben is chosen to chair the Fed. Which candidate would you prefer? Explain why.
What will be an ideal response?
The difference between the cost of an asset and the accumulated depreciation is the
a. book value of the asset; b. depreciated cost of the asset; c. depreciation expense; d. salvage value; e. current value of the asset.
What effect does "recognizing accrued interest revenue at the end of the accounting period" have on the accounting equation?
A) Assets increase and stockholders' equity decreases. B) Assets increase and stockholders' equity increases. C) Assets decrease and liabilities decrease. D) Liabilities increase and stockholders' equity decreases.
A corporation had current year net income of $237,500. It paid preferred dividends of $40,000 cash and had 480,000 weighted-average shares of common stock outstanding. Calculate the corporation's earnings per share.
What will be an ideal response?