People most commonly buy the services of a tattoo artist on the weekends. To encourage people to use their services on the weekdays, many tattoo artists adjust prices to influence demand
In other words, they use different prices to lessen the problems related to the ________ characteristic of services.
A) intangibility
B) inseparability
C) perishability
D) variability
E) responsiveness
C
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Current replacement cost represents
a. the amount a firm would have to pay currently to acquire an asset it now holds b. the amount a firm would have to pay currently to acquire an asset it does not now hold c. the amount a firm would have to pay in the future to acquire an asset it now holds d. the amount a firm would have to pay to purchase a comparably depreciated version of the asset it now holds
On August 1, a $33,600, 9%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest of $13,273.84. The entry to record the first payment on July 31 would include:
A. Debit to Notes Payable of $13,273.84 B. Credit to Notes Payable of $13,273.84 C. Debit to Cash of $13,273.84. D. Debit to Interest Expense of $3024.00. E. Credit to Cash $10,249.84
Kim Airedale, a manager of Waggers, Inc., was reviewing the water bills of a dog daycare and spa. She determined that its highest and lowest bills of $3600 and $2800 were incurred in the months of May and November, respectively. If 500 dogs were washed in May and 200 dogs were washed in November, what was the variable cost per dog associated with the company's water bill? (Round your answer to the nearest cent.)
A) $4.00 B) $14.00 C) $7.20 D) $2.67
The idea that the future is unpredictable yet controllable and entrepreneurs can “effect” the future is called:
a. the theory of predictability b. the theory of controllability c. the theory of causation d. the theory of effectuation