Which One of the Following Statements Is Correct About Prices

question 14

Multiple Choice

Which one of the following statements is correct about prices for inventory service activities that are set up for time and billing -

• A)activities may be charged at a flat fee or on the basis of time
• B)prices are based on the unit prices on the pricing tab screen if the service is non-billable
• C)prices are based on time for regular customers and on a flat fee for preferred price customers
• D)prices must be based on a unit of time if the activity is billable

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Definitions:

Current Liabilities

Short-term financial obligations that are due within a year or within the normal operating cycle of a business.

Indirect Method

A cash flow statement presentation method that adjusts net income for changes in balance sheet accounts to calculate cash flow from operating activities.

Operating Activities

The day-to-day actions that a business undertakes to generate revenue, as reflected in the cash flow statement.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.