Consumer decisions may be affected by one or more features of a good that consumers perceived as important. This perception is called:

A) Framing.
B) Referencing.
C) Salience.
D) Differentiation.

The customer should be given the benefit of doubt even if the salesperson feels that the customer is dishonest.

A partnership can be formed with an oral agreement.

Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:

A) $(280,000)
B) $(390,000)
C) $(760,000)
D) $(1,286,000)

Vision Tester,Inc.,a manufacturer of optical glass,began operations on February 1 of the current year.During this time,the company produced 900,000 units and sold 800,000 units at a sales price of $12 per unit.Cost information for this year is shown in the following table: Given this information,which of the following is true?

A) Net income under variable costing will exceed net income under absorption costing by $50,000.
B) Net income under absorption costing will exceed net income under variable costing by $50,000.
C) Net income will be the same under both absorption and variable costing.
D) Net income under variable costing will exceed net income under absorption costing by $60,000.
E) Net income under absorption costing will exceed net income under variable costing by $60,000.

The five levels of needs identified in Maslow's hierarchy can also be divided into deficiency needs and growth needs.

Machinery acquired at a cost of $80,000 and on which there is accumulated depreciation of $55,000 (including depreciation for the current year to date) is exchanged for similar machinery. Assume that the transaction has commercial substance. For financial reporting purposes, present entries to record the exchange of the machinery under each of the following assumptions:
(a)Price of new, $120,000; trade-in allowance on old, $4,000; balance paid in cash.(b)Price of new, $120,000; trade-in allowance on old, $34,000; balance paid in cash.