In the high-tech pricing environment, Moore's Law states that:
a. firms must price at the high end to recover R&D investments
b. firms must price at the high end to signal high quality products
c. product life cycle lengthens as technology factors increase
d. improvements in technology double product performance with no increase in price
e. introduction of product versions with better price performance ratios creates upward pressure on prices
d
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Which of the following is/are true regarding accounting liabilities?
a. All accounting liabilities are obligations. b. Not all obligations are accounting liabilities. c. An item must meet the definition of a liability. d. An item must recognition criteria. e. All of these answers are correct.
At a minimum, a milestone will have a duration of at least one day
Indicate whether the statement is true or false
A company that uses the percent of sales to account for its bad debts had credit sales of $740,000 in Year 1, including a $720 sale to Marshall Fresh. On December 31, Year 1, the company estimated its bad debts at 1.5% of its credit sales. On June 1, Year 2, the company wrote off, as uncollectible, the $720 account of Marshall Fresh. On December 21, Year 2, Marshall Fresh unexpectedly paid his account in full. Prepare the necessary journal entries:(a) On December 31, Year 1, to reflect the estimate of bad debts expense.(b) On June 1, Year 2, to write off the bad debt.(c) On December 21, Year 2, to record the unexpected collection.
What will be an ideal response?
Most statutes requiring a license to operate certain types of businesses or professions are enacted to protect the public from incompetent operators
Indicate whether the statement is true or false