Lawyers, accountants, and other professionals typically price by adding a standard markup for profit. This exemplifies ________
A) target pricing
B) cost-plus pricing
C) value-based pricing
D) break-even pricing
E) penetration pricing
B
You might also like to view...
Use the selected data from Pinecrest Company's financial statements to answer the following question. 2017 2016 Cash $ 22,000 $ 14,000 Accounts receivable 42,000 16,000 Merchandise inventory 22,000 83,000 Prepaid expenses 23,000 18,000 Total current assets $109,000 $131,000 Total current liabilities $ 65,000 $ 72,000 Net credit sales 221,000 326,000 Cost of goods sold 168,000 299,000 Net cash
flow from operating activities 16,000 29,000 Refer to the data for Pinecrest Company. Competitors in Pinecrest Company's industry have an average accounts receivable turnover of 10.8 times. Pinecrest reported accounts receivable at December 31, 2017, of $42,000 and has normal credit terms requiring payment within 30 days. Pinecrest's accounts receivable turnover for 2017 is: a. probably indicating that the company probably has stricter credit terms and policies than the industry as a whole, which may repel potential buyers. b. of no value to bankers and other creditors. c. less efficient in its collection policies in 2017 than the industry as a whole. d. less than the industry, which means that its customers are paying on their accounts in a more timely manner than are customers reflected by the industry average.
On January 1, Buchanan Corporation had 50,000 shares of common stock outstanding. On April 1, the company declared a 20% stock dividend, and on August 1, the company had a 3-for-1 stock split. On December 1, the company issued an additional 6,000 shares. What is the denominator in the earnings per share calculation?
A) 186,000 B) 180,500 C) 180,000 D) 173,000
The media scorn the public relations practice of ________
A) finding legitimate news angles that earn product or company mentions in media B) creating a differentiable identity for a client C) using well-known spokespersons without revealing that they are being paid for an endorsement D) pitching news feature stories that have a promotional angle
How should you record a capital expenditure?
A. Debit an expense
B. Debit a liability
C. Debit capital
D. Debit an asset