The 1936 Act prohibiting price discrimination in interstate commerce involving commodities of like grade and quality is the:
A) Sherman Act.
B) Clayton Act.
C) Robinson-Patman Act.
D) Federal Trade Commission Act.
C
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Which of the following methods of collecting data has the highest response rate?
A) personal interviews B) telephone interviews C) mail D) Internet
Exhibit 9-4 During 2016, the Thomas Company began selling a new type of machine that carries a two-year assurance-type warranty against all defects. Based on past industry and company experience, estimated warranty costs should total $2,000 per machine sold. During 2016, sales and actual warranty expenditures were $4,000,000 (80 machines) and $44,000, respectively. Thomas uses the GAAP approach
of accruing warranty expense (and the related liability) in the year of the sale. ? Refer to Exhibit 9-4. What amount should Thomas report as its estimated warranty liability at December 31, 2016? A) $0 B) $44,000 C) $120,000 D) $116,000
A company purchases merchandise with a catalog price of $28,500. The company receives a 40% trade discount from the seller. The seller also offers credit terms of 1/10, n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?
A. $16,571. B. $17,100. C. $11,571. D. $16,929. E. $11,400.
How does marketing strategy vary according to the level of involvement associated with a product?
What will be an ideal response?