The Ivory Islands Resort offers a forty percent discount on lodging from September through December every year, due the dramatic drop in the number of visitors during that period-largely because of unfavorable weather conditions. This type of price reduction is called a

A. noncumulative quantity discount.
B. functional discount.
C. trade discount.
D. seasonal discount.
E. cumulative quantity discount.


Answer: D

Business

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Which of the following is true of the cash budget?

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Answer the following statements true (T) or false (F)

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Business

The two methods of accounting for cost flows in process costing are weighted average and last-in first out

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Business