Answer the following statements true (T) or false (F)
1) Price-setters emphasize a target-pricing approach while price-takers emphasize a cost-plus pricing approach.
2) The cost-plus pricing approach is emphasized by price-setters.
3) Companies that are price-takers have considerable flexibility in setting the prices of their products.
4) Special pricing orders increase operating income if the special price exceeds the differential costs of filling the special order.
5) In deciding whether to accept a special pricing order, management should only consider the quantitative data and disregard qualitative factors.
1) FALSE
2) TRUE
3) FALSE
4) TRUE
5) FALSE
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It is important to reinforce key information in the text of the report with all of the following EXCEPT:
A) tables. B) graphs. C) pictures. D) maps. E) underlining.
Anton Valve Company produces a mechanical valve used in water systems. Three years ago the company introduced an electronic version of the valve. Sales of the mechanical model have steadily declined, and the company will report a loss on the product this year as follows:
If production of the mechanical valve is discontinued, product-level costs will be eliminated but facility level and corporate costs would not be affected.Required:1) Prepare a quantitative analysis that indicates whether the valve should be discontinued.2) What qualitative factors should be considered in this decision?
What will be an ideal response?
If the balance shown on a company's bank statement is less than the correct cash balance, and neither the company nor the bank has made any errors, there must be
a. deposits credited by the bank but not yet recorded by the company. b. outstanding checks. c. bank charges not yet recorded by the company. d. deposits in transit.
To prepare for a team presentation, have each member practice individually and then report to the group about suggested changes and improvements
Indicate whether the statement is true or false