Answers
The introduction of intermediaries helps in minimizing the asymmetric information gap by becoming experts.
What is information asymmetry?Information Asymmetry deals with the study of decisions in transactions where one party has more or better information.
The financial intermediary establishes trust by providing a form of guarantee of investment performance to the buyer of securities and a fair price to the sellers of securities.
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Related Questions
Which of the following statements is true of activity-based costing?
ABC ignores the allocation of storage costs.
An activity cost pool collects costs related to the same activity.
ABC is more likely to result in big differences from a traditional costing system if the business makes only one product rather than multiple products.
Activities are the cost objects of the second stage of ABC.
ABC uses a single overhead rate.
Answers
Answer:
Option B (An activity....................same activity) would be the correct choice.
Explanation:
ABC would be used by companies since there would be a variety of resources consumed. Throughout ABC, that each expense is identified as well as identified to something like the operation. A predetermined overhead price wasn't used so rather than using numerous geographical expense driver amounts.Only certain costs are defined in the sense of various activities as well as averaged to create each activity cost collection. That is why the above is indeed the correct answer.
Where should a user store frequently used icons on a computer?
Answers
Answer: they should be loaded on the tool bar
Explanation:
for quick and easy access
if you calculating the simple interest and you are given the time in months. how can you find the time in years
Answers
Answer:
Divide the months by 12
Explanation:
Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at generating a return for investors who have provided capital (bondholders and stockholders). The ROIC calculation answers three questions: How tax efficient is the firm? How effective are the firm’s operations? How intensively does the firm use capital? Comparing the answers to these questions between firms can help you understand why one firm is more profitable than another and where that profitability is coming from.
In the following, Apple’s ROIC is compared to Blackberry’s. The income statement and balance sheet are provided for both firms. While the ROIC calculation for Blackberry is completed below, you have to complete the calculation for Apple by supplying the correct income statement and balance sheet information. As you fill in this information, the components of Apple’s ROIC will be
calculated along with some supporting ratios. Use these subcomponents and supporting ratios to compare Apple and Blacberry’s performance. Where does Apple’s advantage come from?
This activity demonstrates the calculation of ROIC and the comparison of firm performance, supporting Learning Objective 5-1 and 5-2.
Instructions
Use the income statement and balance sheet information for Apple to fill in the missing items in the calculation of Apple’s ROIC and supporting ratios. Once filled in correctly, compare Apple’s performance to that of Blackberry. Where does Apple have an advantage? Where does Blackberry have an advantage?
Apple, Inc. Blackberry
Income Statement YE Sept 2012 YE Mar 2012
Net sales 156,508
Cost of sales 87,846
Gross margin
Research & development expense 3,381
Selling, general & admin expense 10,040
other operating 0
Total operating expenses
Operating margin
Interest & dividend income 0
Interest expense 0
Other Income / Expense 522
Total Other income
Earnings before taxes
Provision for taxes 14,030
Net income (loss)
Short-term marketable securities
Components 0 Inventories 791 Total current assets
Long-term marketable securities
Other assets
18,423
11,848
1,559
2,600
930
0
0
21
354
Balance sheet YE Sept 2014 YE Mar 30 2012
Cash & cash equivalents 10,746 247
Accounts receivable 10,930 0
Finished goods 0 1,027
68,662
13,421
55,241
522
55,763
41,733
6,575
5,089
1,486
21
1,507
1,153
1,527 3,062 0 1,208
2,733
0 2,645
0
Apple Inc Microsoft Corporation
18,383
Other Current Assets 16,803
Fixed Assets: PP&E (net) 15,452 3,927
0 102,959
57,653
176,064
38,542
19,312
7,071
13,731
3,389
0
Long term assets 6,660
Total assets
Accounts payable Deferred revenue
Total current liabilities Long-term debt
Deferred tax liabilities Other long-term liabilities Long-term liabilities
21,175 0
0 0
Accrued expenses 11,414 0
744
other 5,953
Deferred revenue - non-current 0 0
0
Other non-current liabilities 19,312 242
Total long-term liabilities 242
Answers
Here is the ROIC calculation for Apple, Inc.:
The ROIC calculationNet income (loss) $14,030
Interest expense $0
Taxes $14,030
Net operating profit after taxes $28,060
Average invested capital $176,064
Return on invested capital (ROIC) 15.9%
The following table compares Apple's ROIC to that of BlackBerry:
Company | ROIC
------- | --------
Apple | 15.9%
BlackBerry | 4.9%
As you can see, Apple's ROIC is significantly higher than BlackBerry's. This is due to a number of factors, including Apple's higher gross margin, operating margin, and net income.
Apple also has a lower tax rate than BlackBerry, which helps to boost its ROIC.
Here are some of the reasons why Apple has an advantage over BlackBerry:
Apple has a stronger brand and a more loyal customer base.Apple's products are more innovative and user-friendly than BlackBerry's products.Apple has a more efficient supply chain and a more effective marketing strategy.Blackberry does have some advantages over Apple, such as its strong security features and its experience in the enterprise market. However, these advantages are not enough to offset Apple's overall advantages.
Overall, Apple is a more profitable company than BlackBerry. This is due to a number of factors, including Apple's strong brand, innovative products, efficient supply chain, and effective marketing strategy.
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The difference between a firms current assets and current liabilities is known as the
Answers
Answer:
Working capital
Explanation:
Working capital, also called net working capital, represents the difference between a company's current assets and current liabilities.
The difference between a firm's current assets and current liabilities is known as its "working capital." Working capital is a measure of a company's short-term financial health and represents the funds that are available to finance the day-to-day operations of the business.
Current assets include cash, accounts receivable, inventory, and other assets that are expected to be converted into cash within one year or within the normal operating cycle of the business, whichever is longer. Current liabilities, on the other hand, include accounts payable, short-term loans, and other obligations that are due within one year or within the normal operating cycle of the business. Therefore, working capital is calculated by subtracting current liabilities from current assets: Working Capital = Current Assets - Current Liabilities
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For this discussion, you should put yourself in the role of a moderator as you:
Answers
Unions are organizations that represent workers in a particular industry or profession. Their primary goal is to protect the rights and interests of workers by negotiating better wages, benefits, and working conditions.
What are the policies of the Union?Unions are organizations formed by workers to protect their interests and rights in the workplace. They advocate for collective bargaining, fair wages and benefits, workplace safety, non-discrimination, job security, training and education, and political advocacy.
What are the labor laws?Labor laws are laws that govern the relationship between employers and employees in the workplace. Examples include minimum wage laws, overtime laws, anti-discrimination laws, health and safety laws, leave laws, unionization laws, and employment contract laws. These laws govern the rights of employees to form and join unions and establish the legal requirements for collective bargaining.
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What are unions? What are their roles and policies?
Which is NOT an expense account?
Answers
Answer:
Interest is found in the income statement, but can also is the most common non-operating expense
Example
Examples of expense accounts are Costs of Sales, Cost of Goods Sold, Costs of services, Operating expense, Finance Expenses, Non-operating expenses, Prepaid expenses, Accrued expenses and many others.
Explain BUY and RENT (of housing) in simple terms
Answers
The employee benefits manager of a large public university would like to estimate the proportion of full-time employees who prefer adopting the first (plan A) of three available health care plans in the next annual enrollment period. A random sample of the university’s employees and their tentative health care preferences are given in the file Healthcare.xlsx below. Calculate a 88% confidence interval for the proportion of all the university’s employees who favor plan A. What are the values of lower limit and upper limit? Round your answer to 3 decimal places.
Healthcare.xlsx
(0.217,0.330) (0.211,0.323) (0.242,0.358) (0.180,0.287)
Answers
With 88% confidence, the proportion of employees that prefer plan A health care is between \((0.217,0.330)\). The Option A.
What is the 88% confidence interval of employees that prefer plan A?To calculate the confidence interval, we can use the formula: CI = p ± z*√(p(1-p)/n)
p = sample proportion
z is the z-score for the desired confidence level (0.88 in this case)
n = sample size.
Substituting the values, we get:
CI = 0.273 ± 1.553√(0.273(1-0.273)/150)
CI = 0.273 ± 1.553√(0.00132314)
CI = 0.273 ± 1.553*0.0363749914
CI = 0.273 ± 0.05649036164
CI = 0.273 - 0.05649036164 or 0.273 + 0.05649036164
CI = 0.21650963836 or 0.32949036164
CI = (0.217,0.330).
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Which segment is most likely set at 1.0 spacing?
Learning about Microsoft Office is awesome! I can now more efficiently create and edit documents. I will
have skills to get a good job and my mom will be so proud!
Learning about Microsoft Office is awesome! I can now more efficiently create and edit documents. I will
have skills to get a good job and my mom will be so proud!
Learning about Microsoft Office is awesome! I can now more efficiently create and edit documents. I will
have skills to get a good job and my mom will be so proud!
Learning about Microsoft Office is awesome! I can now more efficiently create and edit documents. I will
have skills to get a good job and my mom will be so proud!
Answers
Learning about Microsoft Office is awesome! I can now generate and edit documents more quickly.
My mother will be very proud of me since I'll have the skills to land a nice career! The correct answer is (b).
What is Single Spacing?The distance between every line in a paragraph is known as line spacing. You may set the line spacing in Word to be single spaced, double spaced, or any other number of lines high that you like. Word's standard spacing is 1.08 lines, which is a little bit more space than single spaced.
The gap between text lines is known as line spacing. Tight line spacing can squeeze more text into a space, whereas loose spacing can make writing much more readable.
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Pharoah Company has had 4 years of record earnings. Due to this success, the market price of its 500,000 shares of $4 par value common stock has increased from $15 per share to $55. During this period, paid-in capital remained the same at $6,000,000. Retained earnings increased from $4,500,000 to $30,000,000. CEO Don Ames is considering either (1) a 15% stock dividend or (2) a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on (a) retained earnings, (b) total stockholders’ equity, and (c) par value per share.
Answers
Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
1) 15% Stock Dividend-
Retained Earnings = Increase Value of Retained Earnings - (Total Shares × 15% Stock Dividend × Increase Value of Per Share)
= $30,000,000 - (500,000 × 15% × $55)
= $30,000,000 - $4,125,000
= $25,875,000
2) 2-for-1 stock split-
Retained earnings = $30,000,000
The 2-for-1 stock split will not impact retained earnings.
a and b) The before, after effects of each option are shown in the attachment below
c) Par value per share
Par value per share of stock dividend = $4
Par value per share of 2-for-1 stock split = $4 ÷ 2 = $2
According to the analysis, stock dividend will not make any impact.
What is the BEST way to protect your personal information?
A. Carry all of your credit cards and forms of identification with you at all times.
B. Never write down your account numbers or driver's license numbers.
C. Keep old accounts open even if they are no longer being used.
D. Store your personal information in a safe place where you can access it if needed.
Answers
The best way to protect your personal information is store your personal information in a safe place where you can access it if needed. Hence option D is correct.
What is information?Information is defined as the data that has been altered in a way that makes it meaningful to the recipient. In today's society, information is essential to almost everything we do. To communicate a message, information in any format is created and distributed via a chosen delivery method.
Your bank account details, social security number, pin numbers, credit card numbers, and passwords are among the most sensitive data you should protect.
Thus, the best way to protect your personal information is store your personal information in a safe place where you can access it if needed. Hence option D is correct.
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Outline Five Types of piracy
Answers
Principal types of piracy include:
1. end-user piracy
2. Pre-installed software
3. Internet piracy
4. Counterfeiting
5. Online auction piracy
The city of Morehead leased equipment. The life of the noncancellable lease is 10 years. Using an 8 percent interest rate, the present value of the lease payments is $905,861. The first payment of $125,000 is due when the lease begins, January 10, 2017. An additional payment is due on January 10th for each of the next 9 years. Prepare journal entries to record: 1. The long-term lease in the General Fund. 2. The first lease payment on January 10, 2017. 3. The second lease payment on January 10, 2018. Round answers to the nearest whole number.
Answers
Answer:
1. Dr Equipment $ 905,861
Cr Lease Payable $ 905,861
2). Dr Lease Payable $ 125,000
Cr Cash $ 125,000
3) Dr Lease payable $ 115,000
Dr Interest Expense $ 10,000
Cr Cash $ 125,000
Explanation:
1. Preparation of the journal entry for the long-term lease in the General Fund..
Dr Equipment $ 905,861
Cr Lease Payable $ 905,861
2) Preparation of the first lease payment Journal entry on January 10,
Dr Lease Payable $ 125,000
Cr Cash $ 125,000
3) Preparation of the journal entry to second lease payment on January 10, 2018
Dr Lease payable $ 115,000
Dr Interest Expense (125000 x 8%) $ 10,000.00
Cr Cash $ 125,000
Ali Corporation uses the percentage – of – completion method to account for work performed under long –term construction contracts. Ailed began work under contract #7031-21, which provided for a contract price of $3,645,000. Additional data is as follows: 2020 2021 Cost incurred during the year……………………… $563,000 $1,764,000 Estimated costs to complete as of December 31, 1,500,000 - 0 – Required: What portion of the total contract price would be recognized as revenue in 2020 & in 2021? Following information was taken from the records of Brenner Corporation for the year indicated. The company’s year-end is December 31, 2020 2021 2022 Sales (on installment)…………………….. $450,000 $500,000 $620,000 Cost of sales……………………………… 342,000 360,000 434,000 Gross profit ……………………… $108,000 140,000 186,000 Cash receipts: 2020 Sales $125,000 $280,000 $ 45,000 2021 Sales $210,000 230,000 2022 Sales 250,000 Calculate the amount of Realized Gross profit on installment sales and Deferred Gross Profit to be reported in the year – end – financial statement of Brenner Corporation for the year noted.
Answers
Answer:
To find the portion of the total contract price that would be recognized as revenue in 2020 and 2021 for Ali Corporation, we can use the percentage-of-completion method. This method calculates revenue based on the proportion of the contract that has been completed.
2020:
The proportion of the contract completed in 2020 is the cost incurred during the year divided by the total estimated cost to complete the contract as of December 31, 2020.
$563,000 / $1,500,000 = 0.375
So, the portion of the total contract price that would be recognized as revenue in 2020 is 0.375 * $3,645,000 = $1,359,375.
2021:
The proportion of the contract completed in 2021 is the cost incurred during the year divided by the total estimated cost to complete the contract as of December 31, 2021. Since the contract is completed so there is no remaining costs to complete so the proportion of completion is 1.
$1,764,000 / $1,764,000 = 1
So, the portion of the total contract price that would be recognized as revenue in 2021 is 1 * $3,645,000 = $3,645,000.
For Brenner Corporation:
Realized Gross profit on installment sales:
This is the gross profit from sales that have been fully paid for in cash.
2020: $125,000 + $280,000 + $45,000 = $450,000
2021: $210,000 + $230,000 = $440,000
2022: $250,000
So, the realized gross profit on installment sales is $450,000 + $440,000 + $250,000 = $1,140,000
Deferred Gross Profit:
This is the gross profit from sales that have not been fully paid for in cash and is recognized when the cash is received.
2020: $108,000
2021: $140,000
2022: $186,000
So, the deferred gross profit is $108,000 + $140,000 + $186,000 = $434,000
a company that uses job order costing reports the following information for march. overhead is applied at the rate of 60% of direct materials cost. the company has no beginning work in process or finished goods inventories at march 1. jobs 1 and 3 are not finished by the end of march, and job 2 is finished but not sold by the end of march.job 1 job 2 job 3direct materials used $ 13,200 $ 17,200 $ 6,200direct labor used $ 21,200 $ 11,200 $ 9,200determine the total dollar amount of finished goods inventory at the end of march.multiple choice$61,440.$48,520.$38,720.$98,240.$6,520.
Answers
Based on the percentage completed and the cost of the jobs, total value of work in process inventory at the end of March is $62,480.
What is the Work in Process Inventory?
The work in process will include Jobs 1 and 3 only because job 2 is already done.
Work in process can be found as:
= Cost of job 1 + Cost of job 3
Cost of a single job is:
= Direct labor + Direct materials + Overhead which is 60% of direct materials
Solving for both jobs gives:
= (13,200 + 21,200 + (13,200 x 60%)) + (6,200 + 9,200 + (6,200 x 60%))
= $61440
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What causes sudden infant death
Answers
SIDS, unintentional suffocation while sleeping, and other sudden, unforeseen newborn deaths are examples of abrupt, unexpected infant fatalities.
Although the exact etiology of SIDS is unidentified, many physicians and researchers think that it is related to issues with the baby's capacity to wake up from sleep, to recognize low oxygen levels, or to identify an increase of carbon dioxide in the blood. Toddlers that sleep with their faces downward may breathe in their own carbon dioxide. Despite a newborn's risk of SIDS is reduced if they sleep in the same room as their parents, that risk rises if they share a bed with their parents, or siblings.
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Colin Powell sees leadership as the ability to solve problems.
O True
O False
Answers
Answer:
true
Explanation: Leadership is solving problems.
Insurance companies create a pool of funds to handle
Orisk
O gain
Oloss
O safety
10
Answers
Answer:
A) risk
Explanation:
An insurance company creates a pool of funds to handle risk. This helps to protect the company financially if there are more claims than expected.
How does making a payment by check affect your checking account balance?
A. Your balance decreases immediately
B. Your balance decreases when the check is processed.
C. Your balance decreases the following month.
D. Your balance is not directly affected.
Nvm it's B.
Answers
A payment by check affect your checking account balance as your balance decreases when the check is processed.
Thus, the correct option is B.
What is a bank check?
A check is a written request from a depositor telling the bank to take money out of their account and pay it to a specific person.
To put it another way, a check is a way to instruct the bank to transfer money from your account to another person's or another person's account.
A check is a permission to take money out of a bank account. A check must include the payee's name, the payment amount, and the date in order to accomplish this.
A check is typically negotiable, allowing the payee to designate a new recipient by signing it. Checks that are certified have your signature and are drawn from your own account.
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m is studying the delivery times of two raw material suppliers. The firm is basically satisfied with supplier A and is prepared to stay with that supplier if the mean delivery time is the same as or less than that of supplier B. However, if the firm finds that the mean delivery time of supplier B is less than that of supplier A, it will begin making raw material purchases from supplier B.
Answers
Answer:
So in other words your company or business is looking for the most consistent/reliable supplier who's supply rate is the better out of the two according to overall and long-term supply of said product
The Nondiscrimination Act of 2008 is called
a. GMO
b. Green Alliance
c. GINA
d. ELSI
Answers
Answer:
I think c part Ginna is the correct answer
Suppose a stock had an initial price of $50 per share, paid a dividend of $.80 per share during the year, and had an ending share price of $38. Compute the percentage total return. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
Answer:
25.6%
Explanation:
Computation for the percentage total return
Using this formula
Percentage total return=[(Ending share price-Initial price)+Dividend]/Initial price
Let plug in the formula
Percentage total return=[($38-$50)+$.80)/$50
Percentage total return=$12+$.80/$50
Percentage total return=$12.8/$50
Percentage total return=0.256*100
Percentage total return=25.6%
Therefore the percentage total return will be 25.6%
2. Joe, a bartender, is typically “over” in his cash drawer by two or three dollars each shift. In the past, you have always thought that it is “better to be over than to be short” and have not worried about it. However, after reviewing chapter 12, you recognize that there might be a problem.
Why could this be a problem? What would you do?
Answers
Answer:
It will add up.
Explanation:
Money adds up very fast.
in preparation of standard cost we consider what situation macroeconomics or microeconomics???
Answers
When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.
It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.
The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.
Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.
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1. Describe the fundamental similarities and differences between procurement, manufacturing support and customer-accommodation performance cycles as they relate to logistical control.
Answers
1. Procurement - Buying raw materials at the best price to maximize cost-benefit.
2. Production Support - Requirement analysis, raw material delivery, etc. enhance the manufacturing process. Manufacturing assistance.
3. Market distribution performance cycle - Manages product distribution in the market.
What are the similarities and differences between procurement, manufacturing support, and customer-accommodation performance cycles?Generally, The supply chain process is connected to all aspects of business operations, including procurement, production support, and the performance cycle of market distribution. These are related to one another in a few key respects. They are distinct from one another in the following ways:
1. Procurement is the process of acquiring raw materials at the lowest possible cost while maintaining the highest possible level of operational efficiency.
2. Manufacturing Support - The manufacturing process is helped along by several linked operations such as need analysis, the delivery of raw materials, and so on. The term for this kind of assistance is manufacturing support.
3. The Market Distribution Performance Cycle: It is the Management of the Complete Process of Product Distribution in the Market This cycle is the management of the entire process of product distribution in the market.
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Other competing sellers in the same region charge an average of $250 for a set of goggles and $750 for the lessons, if sold separately. Beaumont Company usually sells at a 5% discount compared to other shops, since it is a bit farther away from the ocean. Required: What is the stand alone selling price of the lessons
Answers
Answer:
$237.50;$712.50
Explanation:
Calculation for What is the stand alone selling price of the lessons
Stand alone selling price=$250 × (100%-5%) Stand alone selling price=$237.50
Stand alone selling price=$750 × (100%-5%)
Stand alone selling price= $712.50
Therefore the stand alone selling price of the lessons will be $237.50 and $712.50 respectively
suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding. statement price control binding or not the government prohibits gas stations from selling gasoline for more than $2.50 per gallon. price ceiling binding due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from doing so. the government has instituted a legal minimum price of $3.60 per gallon for gasoline. price floor non-binding
Answers
According to the given information Price ceiling binding, Price floor binding, and Price floor binding are all a result.
What does "price ceiling" mean?A price ceiling prevents a price from increasing over the "ceiling" level. A price floor prevents a price from dropping below the "floor" level. The demand and supply framework may be used to comprehend price ceilings. Demand exceeds supply in many marketplaces for products and services.
Government-imposed price caps prevent gas stations from selling gasoline for more than $2.50 a gallon.The ability of gas stations to offer higher wages to attract additional employees is now restricted by new restrictions. floor binding pricesThe government has established a $3.60 minimum price as the binding minimum price.To know more about price ceiling visit:
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in double-entry accounting where should you record money that is leaving your company to pay bills
Answers
Answer:
In the debits column
Explanation:
i looked it up
Answer:
not A
Explanation:
Question 4 of 10
Charging a lower price per unit for purchases of more units is called a
A. seasonal discount
B. quantity discount
C. sale price
D. stocking allowance