The pricing method that is used primarily by service businesses is

a. return on assets pricing.
b. gross margin pricing.
c. target cost pricing.
d. time and materials pricing.


D

Business

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Alabama Airlines has three planning specialists who help division managers develop their own division plans. Serving as consultants to the divisions, the planning specialists give advice about strengths, weaknesses, opportunities, and threats. Alabama Airlines is utilizing which of the following approaches to the planning function?

A. Centralized planning department B. Decentralized planning staff C. Planning task force D. Centralized planning committee E. TQM

Business

Landmark Corp. buys $350,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. The journal entry to record the purchase should include:

A. A debit to Short-Term Investments-AFS $350,000. B. A debit to Debt Investments-AFS $350,000. C. A debit to Cash $350,000. D. A debit to Short-Term Investments-Trading $350,000. E. A debit to Debt Investments-HTM $350,000.

Business

Name and discuss three qualitative forecasting methods

What will be an ideal response?

Business

The Supreme Court in Hughes v. Oklahoma held that when states have a "compelling interests" in regulating an area, such as environmental protection, that interest supersedes the Commerce Clause

a. True b. False Indicate whether the statement is true or false

Business