Movie matinees are priced lower than the evening shows at local theaters; television advertising costs less when run after midnight. These are examples of what type of price discrimination?

A fire destroyed the inventory of Barber Company. The following information is available:

Beginning inventory $50,000 Purchases $170,000 Net Sales Revenue $200,000 Gross Profit Percentage 30% Required: 1. Prepare a schedule to compute the amount of inventory lost in the fire using the gross profit method. 2. Prepare the required journal entry after the fire. What will be an ideal response?

Which of the following allows for instantaneous information designed to improve the management process?

A) Mass customization B) Global exchange software C) Collaboration software D) Enterprise resource planning E) Shared activity planning