A characteristic of a plant asset is that it is:
A. intangible
B. used in the operations of a business
C. held for sale in the ordinary course of the business
D. not currently used in the business but held for future use
Ans: B. used in the operations of a business
Business
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a. true b. false
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At which price does the retailer maximize total sales revenue?
Selling Price Quantity Demanded (in $ ) (in units) $5.00 12,000 $6.00 9,500 $7.00 8,700 $8.00 7,000 a. $5.00 b. $6.00 c. $7.00 d. $8.00
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