The first step in conducting a marketing profitability analysis involves assigning functional expenses to marketing entities

To entice more customers into the store on Mondays, Strassberg Company is selling a slice of pizza for $1 less on Mondays. Normally a slice of pizza sells for $3. When Barbara buys a slice of pizza from Strassberg Company on a Monday with cash, how should Strassberg Company recognize the transaction?

(a) Revenue of $3 should be recognized and $1 as a discount expense. (b) Revenue of $2 should be recognized. (c) Revenue of $2 should be recognized and $1 of unrealized revenue recognized. (d) Revenue of $2 should be recognized and $1 of discount liability recognized.

In a disciplinary action, the Director of Licensing can do any of the following, EXCEPT:

A. award damages to individuals defrauded by the real estate licensees B. revoke a license C. deny a license D. refer criminal violations to the prospective attorney in the county where the offense was committed