Quantity discounts violate the Robinson-Patman Act
Indicate whether the statement is true or false
False
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Consider the following production function Y = A×Ka×L1?a. ? If a = 0.4, and over the past year output grew 4 percent, total factor productivity (TFP) grew 2.6 percent, and labor grew 1 percent, what was the growth rate of capital?
A. 4 percent B. 3 percent C. 2 percent D. 1 percent
A change in estimate of an asset's residual value involves restating the income statements of past periods for the estimate change
a. True b. False Indicate whether the statement is true or false
Major appliance retail stores such as Sears sell appliances and also offer extended warranties and service what they sell. This is an example of ______.
a. intangible products b. tangible products c. mixed products d. semitangible products
Harkin Ltd. has a $5,000 unfavorable variable overhead spending variance. Give two possible reasons for this variance