At the end of the summer, Howard Nursery reduced the price on all of its plants, fertilizer, and potting soil by 50 percent in order to liquidate this inventory. What type of pricing strategy is being used in this example?
A. supply oriented
B. sales maximization
C. target return on investment
D. satisfactory profit
E. profit maximization
Answer: B
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Concerning application of the lower of cost or market method under either the LIFO or retail inventory method, which one of the following statements is true regarding the constraints on market value?
A) The upper constraint is estimated selling price less costs of completion and disposal. B) The lower constraint is net realizable value less costs of completion and disposal. C) The lower constraint is estimated selling price less a normal profit margin. D) The upper constraint is estimated selling price less costs of completion and disposal and a normal profit margin.
In which stage do auditors have a good chance of detecting fraud, if the audit samples include altered documents and miscounts?
a. Theft act b. Concealment c. Conversion d. Layering
If measured by the total number of organizations, the largest subsector of charitable nonprofits is the ______.
A. religious B. health services C. human service D. international and foreign affairs
Which is correct?
a. I don't know where the meeting will be held at. b. I don't know where the meeting will be held.