A disadvantage of the high-low method is that the high point and low point may not be representative of the total data set available.
Answer the following statement true (T) or false (F)
True
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Which of the following is true of optional-product pricing?
A) It involves capitalizing on low value by-products. B) It involves pricing products that can be added to the base product. C) It is used to price a company's main product. D) It involves setting geographically-specific prices. E) It is used to price products that must be used with the company's main product.
Which step in the listening process initiates the next step in the conversation?
A) Interpreting B) Focusing on your audience C) Hearing D) Evaluating E) Responding
Six classmates from philosophy class get together for the first time to discuss their group project. They decide they will meet twice a week, and during each meeting, they will begin by addressing any issues that have arisen, then share the work they have completed. The group agrees to the guidelines and begins the work. They have just established ______.
a. norms b. credibility c. independence d. task goals
On January 1, 20x3, Fallon Company, a manufacturer of consumer products, had a balance in direct materials inventory of $100,000 . During the year, an additional $400,000 of direct materials were purchased. Also during 20x3, direct materials worth $450,000 were transferred to work-in-process inventory. What was Fallon Company's ending direct materials inventory at December 31, 20x3?
a. $15,000 b. $25,000 c. $50,000 d. $100,000 e. $0