Price lining tends to result in faster turnover, fewer markdowns, quicker sales, and simplified buying.
Answer the following statement true (T) or false (F)
True
Price lining has several advantages. Sales may increase because they can offer a bigger variety in each price class, and it's easier to get customers to make decisions within one price class. Stock planning is simpler because demand is larger at the relatively few prices. Price lining can also reduce costs because inventory needs are lower.
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Which of the following is a counterbalancing error?
a. Understated depletion expense b. Bond premium underamortized c. Prepaid expense adjusted incorrectly d. Overstated depreciation expenses
Seasonal indices adjust raw data for patterns that repeat at regular time intervals
Indicate whether the statement is true or false
A taxpayer's home in California is destroyed by wildfires which have been declared a federal disaster. The home's destruction results in a large casualty loss deduction exceeding the taxpayer's income. The taxpayer will be allowed to carry forward a net operating loss due to this personal loss.
Answer the following statement true (T) or false (F)
In the first seven months of 2015, the percentage of all e-mail that is spam averaged around ________ %
A) 50 B) 60 C) 70 D) 80