The big problem with average-cost pricing is that
A. it ignores the firm's demand curve.
B. there is no way to include a desired profit per unit.
C. fixed costs are hard to estimate.
D. it doesn't consider the effect of variable costs.
E. None of these answers is correct.
Answer: A
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Omni Corporation provides cell phones, laptops, and tablets for its employees to use "in the ordinary course of its business.". Omni intercepts the employees' business communications made on these devices. This is
a. a violation of the rights of Omni's employees. b. a matter for which Omni must obtain its employees' consent. c. a subject for dispute resolution by the communications providers that Omni uses. d. excluded from the coverage of the Electronic Communications Privacy Act.
Data in its raw form is referred to as being "plaintext" or ________
A) alphabetical B) symmetrical C) cryptogram D) cleartext
Benny spent the following amounts on utilities over a six-month period: $170.81, $183.22, $164.99, $157.87, $171.54, and $160.64. What is his average monthly utility expense?
Answer the following statements true (T) or false (F)
1. Business investigation expenses incurred by a taxpayer who is already involved in a similar business and who enters the new business are deductible currently. 2. Rachel, a self-employed business consultant, has significant expenses for travel business meals with clients in her work, but she has not kept receipts. She will be able to deduct a reasonable amount of these ordinary and necessary expenses under the Cohan rule. 3. A small business uses the accrual method of accounting for its financial statements. It must also use the accrual method for computing taxable income. 4. Expenses paid with a credit card are deductible at the time a cash-basis taxpayer pays for the charge. 5. Points paid in connection with the purchase of a principal residence may be deducted in the year paid.