Which of the following is not a factor that retailers consider in setting prices?
A. The cost of the merchandise and services
B. Legal restrictions
C. Price sensitivity of consumers
D. Competition
E. Language barriers
Answer: E
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Flagg Company issued $500,000 of bonds for $498,351, Interest is paid semiannually. The bond markets and the financial press are likely to state the bond issue price as
a. 498.35. b. 100.00. c. 99.67. d. 49.84.
Bobby's Burger Place monitors its variances on an hourly basis. It is not uncommon for Bobby to send workers home early when which of the following variances indicates that he has over-scheduled the shift?
a. Unfavorable labor efficiency variance. b. Favorable labor rate variance. c. Unfavorable materials quantity variance. d. Favorable labor efficiency variance.
Which of the following transactions is recorded in the purchases journal?
A) purchase of furniture on account B) cash purchase of merchandise inventory C) sale of merchandise inventory on account D) cash sales of merchandise inventory
An income statement reports on investing and financing activities.
Answer the following statement true (T) or false (F)