Predatory pricing has been held to violate Section 2 of the Sherman Act
Indicate whether the statement is true or false
TRUE
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Hugh Snow, the buyer, returned merchandise to Farley Co., the seller. The entry on the books of Farley company to record the return of merchandise from Hugh Snow would include a:
A. Debit to Sales Returns and Allowances B. Debit to Accounts Payable C. Debit to Account Receivable D. Credit to Sales Returns and Allowances
Fingertips, Inc. had the following financial data for the year ended December 31, 2017
Cash $44,000 Cash equivalents 77,000 Long term investments 58,000 Total current liabilities 149,000 What is the cash ratio as of December 31, 2017, for Fingertips, Inc.? (Round your answer to two decimals.) A) 0.30 B) 0.39 C) 0.48 D) 0.81
Advertising is
A. any paid form of nonpersonal presentation of ideas, goods, or services by an identified sponsor. B. the designing and distribution of novelties, point-of-purchase materials, store signs, contests, catalogs, and circulars. C. direct communication between sellers and potential customers. D. the main form of publicity. E. All of these are included in Advertising.
Selective distribution
A. is becoming more popular. B. is likely to reduce high administrative expenses caused by a large proportion of small orders. C. may be suitable for all categories of products. D. is a good idea if some of the available intermediaries are not financially solid. E. All these answers are correct.