Why do consumers sometimes prefer two-part pricing?
a. Consumers prefer a limited number of choices.
b. Consumers like to be in control of costs.
c. Prices have little or no psychological influence on most consumers.
d. Consumers are uncertain about the number and types of activities that might be used at places like amusement parks.
Ans: d. Consumers are uncertain about the number and types of activities that might be used at places like amusement parks.
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Taxpayers should have their CPAs keep their tax records to prevent the IRS from being able to summon their records
a. true b. false
Which of the following entries causes an immediate decrease in assets and in net income?
A. The entry to record depreciation expense. B. The entry to record revenue earned but not yet received. C. The entry to record the earned portion of rent received in advance. D. The entry to record accrued wages payable.