Market skimming pricing makes sense under all the following conditions, EXCEPT ________
A) if a sufficient number of buyers have a high current demand
B) if the unit costs of producing a small volume are high enough to cancel the advantage of charging what the traffic will bear
C) if the high initial price does not attract more competitors to the market
D) if consumers are likely to delay buying the product until its price drops
E) if the high price communicates the image of a superior product
D
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Cash received on account affects
a. cash and accounts payable; b. cash and accounts receivable; c. accounts receivable and revenue; d. accounts receivable and accounts payable; e. cash and owner's equity.
The stronger a relationship the:
A) larger the absolute size of the correlation coefficient B) larger the strength coefficient C) closer to zero is the correlation coefficient D) larger, positive size of the correlation coefficient E) larger the beta
On January 2, 2017, Barnes Enterprises purchased equipment for $42,000 cash, expecting the equipment to remain in service for five years, with a $4,000 residual value. Barnes uses straight-line depreciation. On April 30, 2019, Barnes sold the equipment for $20,000 cash.
Requirement: Prepare the journal entries to record the purchase of the equipment; depreciation for 2017, 2018, and 2019; and the sale of the equipment. Omit explanations and round to the nearest dollar.
________ is a regression procedure in which the predictor variables enter or leave the regression equation one at a time
A) Multiple regression B) Bivariate regression C) Dummy variable regression D) Stepwise regression