When closing Income Summary, assuming the corporation had net income for the accounting period, the account Retained Earnings is credited

Used Car Center Inc. allows salespeople to charge different customers different prices for essentially the same automobile depending on how good the customer is at negotiating the price. In this scenario, the company uses a:

a. two-part pricing tactic. b. price lining tactic. c. flexible pricing tactic. d. price skimming tactic.

In the early 1980's President Reagan and Congress made sweeping changes to the income tax system, lowering both individual and corporate income tax rates significantly. These changes were an example of

A) monetary policy. B) tax policy. C) fiscal policy. D) both tax and fiscal policy.