All of the following observations concerning markups are true EXCEPT that
A. they are related to selling price for convenience.
B. they are a cost-oriented price setting approach.
C. they are used by most retailers and wholesalers to set prices.
D. they are usually stated as dollar amounts.
E. they guide pricing by intermediaries.
Answer: D
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Martinez Co borrowed $50,000 on March 1 of the current year by signing a 60day, 9%, interest-bearingnote. Assuming a 360-day year, when the note is paid on April 30, the entry to record the payment should include a
a. debit to Interest Payable for $750 b. debit to Interest Expense for $750 c. credit to Cash for $50,000 d. credit to Cash for $54,500
Briefly describe five strategies for achieving balance.
What will be an ideal response?
Which phenomenon holds that people seek out messages they agree with and avoid messages they disagree with?
A) the S-M-R model B) confirmation bias C) concentric-circle theory D) the spiral of silence
Midas Touch, a venture capital firm, has the opportunity to invest in one of two firms that are in the process of globalizing. Coolco, an air-conditioner manufacturer, faces intense pressure from its home market. Barker, a dog-toy manufacturer, has encountered little competition in its country of origin. In which company should Midas Touch invest?
A. Coolco, because air conditioners cost more to ship than dog toys do B. Coolco, because firms that face stiff competition at home tend to do better abroad C. Barker, because dog toys cost less to ship than air conditioners do D. Barker, because firms that face little or no competition at home tend to do better abroad