The time value of money can be used to estimate future savings with periodic deposits of funds
Indicate whether the statement is true or false.
Answer: TRUE
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A direct marketing channel produces higher margins than an indirect channel, but the business must bear the cost of channel management and all marketing and sales expenses
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. If an asset is disposed of during the year, there is no need to calculate depreciation from the beginning of the year of disposal to the date of disposal. 2. A business, which has a calendar year accounting period, purchased an asset on March 1, 2018. The business disposed of the asset on August 31, 2019. For the calendar year 2019, depreciation should be calculated from January 1 to August 31. 3. If a business changes the estimated useful life, or estimated residual value, of a plant asset, depreciation expense must be recalculated. 4. When a company makes an accounting change in estimate, Generally Accepted Accounting Principles require that the company make changes to financial statements of prior years.
Deceptive pricing practices include misrepresenting the product's features or performance or luring customers to the store for a bargain that is out of stock
Indicate whether the statement is true or false
The biggest problems with producing too much are lost sales and customer dissatisfaction.
Answer the following statement true (T) or false (F)