All of the following options are reasons why the prices of goods and services deviate from the law of one price EXCEPT:
A) sticky prices.
B) speculation.
C) tariffs and quotas.
D) price index.
Answer: D
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To accelerate their work, programmers can use one of several _____, such as Microsoft Visual Basic, Embarcadero Delphi, Micro Focus COBOL, ASNA Visual RPG, and Visual C++.
Fill in the blank(s) with the appropriate word(s).
List two of the three transaction cycles
On January 1, Year 1, Stratton Company borrowed $180,000 on a 10-year, 8% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $26,825 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:
A. Debit Notes Payable $14,400; debit Interest Expense $12,425; credit Cash $26,825. B. Debit Interest Expense $14,400; debit Notes Payable $12,425; credit Cash $26,825. C. Debit Interest Expense $13,406; debit Notes Payable $13,419; credit Cash $26,825. D. Debit Notes Payable $26,825; credit Cash $26,825. E. Debit Notes Payable $180,000; debit Interest Expense $8825; credit Cash $26,825.
Materials and supplies that cannot be traced conveniently to specific products are called
A) indirect materials. B) raw materials. C) waste materials. D) direct materials.