Which of the following would NOT be a consumer's reference price?
A) the advertised price per month
B) the actual future price
C) a price the consumer remembers
D) a posted "regular retail price"
E) the manufacturer's suggested price
B
Business
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Why is the allowance method preferred over the direct write-off method of accounting for bad debts?
a. Allowance method is used for tax purposes. b. Estimates are used. c. Determining worthless accounts under direct write-off method is difficult to do. d. Improved matching of bad debt expense with revenue.
Business
Which of the following statistics is not permissible with nominally scaled data (Table 8.1 in the text)?
A) chi-square B) median C) range D) Both B and C are not permissible.
Business