Which of the following is not necessary for price discrimination to occur?

the firm must be selling a durable good.

the firm must have a downward sloping demand curve.

the firm has to be able to prevent resale of the product or service.

the firm must be able to separate the market into identifiable groups.

What is inventory turnover? explain the effect of a high inventory turnover during the christmas shopping season.

Which of the following makes a true statement about the relationship between government and financial institutions? government and financial institutions do not interact with each other. financial institutions like the u.s. treasury must approve increases in the government deficit. government can pass laws to limit what financial institutions can charge in interest and fees. financial institutions like local banks must approve interest rates set by the federal reserve.

On january 1, a company issued and sold a $398,000, 6%, 10-year bond payable, and received proceeds of $393,000. interest is payable each june 30 and december 31. the company uses the straight-line method to amortize the discount. the journal entry to record the first interest payment is: