The brand-switching problem analyzes the probability of customers' changing brands of a product over time

One order of over $500 from The Baker's Catalogue earns a 5 percent discount, and one order of $1,000 and over earns a 10 percent merchandise discount. What are these discounts examples of?

a. promotional allowances b. noncumulative quantity discounts c. frequent buyer discounts d. cumulative quantity discounts

Dietz is a passive investor in three activities which have been profitable in previous years. The profit and losses for the current year are as follows: Gain (Loss) Activity X-$(30,000) Activity Y-(50,000) Activity Z-20,000 Total-$(60,000) What amount of suspended loss should Dietz allocate to Activity X?

a) $20,000 b) $22,500 c) $30,000 d) $18,000