When shipping prices are dependent on geographic areas based on the distance from the shipping location, it is considered ________ pricing.
A. psychological
B. free on board (FOB)
C. target return
D. zone
E. uniform delivered
Answer: D
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Which of the following is a level of the database that is defined by the data definition language?
a. user view b. schema c. internal view d. all are levels or views of the database
Andy Cole sells fiberglass resins and fiberglass wire to the many small sailboat manufacturers in southern California. He takes title to the products but does not handle them. Instead, the resins are shipped in 50-gallon barrels directly from the producer to the sailboat manufacturers. Cole is a
A. cash-and-carry wholesaler. B. specialty wholesaler. C. manufacturers' agent. D. drop-shipper. E. selling agent.
On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.)
A. Debit Interest Expense, $720; credit Interest Payable, $720. B. Debit interest payable, $120; credit interest expense, $120. C. Debit Interest Payable, $240; credit Interest Expense, $240. D. Debit Interest Expense, $120; credit Interest Payable, $120. E. No adjusting entry is required.
On a graph where the horizontal axis represents quantity sold and the vertical axis represents selling price, the basic demand curve in a competitive market can be graphed:
A. as a downward sloping line to the right. B. in the same manner as the total revenue curve. C. as a horizontal line. D. as an upward sloping line to the right. E. as a vertical line.