On the income statement, a merchandising company reports the cost of merchandise inventory that has been sold to customers

Sellers must carry adequate levels of merchandise that has been price promoted or offer "rain cheques" if the product sells out. What will failure to comply result in a charge of?

a. deceptive pricing b. price fixing c. resale price maintenance d. price discrimination

Property taxes on cooperative buildings are assessed in the form of:

a. individual tax bills for each unit b. a single tax bill prorated among individual units c. annual tax bills based on the type of unit d. biannual tax bill based on the type of unit