Which type of nonprofit organization is permitted to lobby without limitation?
A. religious
B. charitable
C. social welfare
D. private foundations
C. social welfare
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Everyday low pricing is most suitable if ________
A) consumers are willing to perform activities such as clip coupons to avail of discounts B) consumers tend to associate price with quality C) customers are insensitive to changes in price D) the cost of conducting frequent sales and promotions is high E) consumers have sufficient time to find the best prices
The matching principle matches balance sheet accounts with income statement accounts
Indicate whether the statement is true or false
The risk-based capital requirements for life insurers are based on a formula that considers four types of risk
One risk reflects a range of uncertainties that life insurers face including such things as bad management decisions and guaranty fund assessments. This risk is called A) asset risk. B) insurance risk. C) interest rate risk. D) business risk.
Mercks uses the perpetual inventory system, and accepts the Discovery credit card for credit card sales. Discovery charges Mercks a 3% fee, and all credit card receipts deposited are credited to the company account on the day of deposit. Prepare journal entries to record the following transaction.March 11Sold merchandise for $4,500 (that had cost $2,100) and accepted the customer's Discovery card.
What will be an ideal response?