All of the Following Are Profit-Oriented Approaches to Select an Approximate

question 82

Multiple Choice

All of the following are profit-oriented approaches to select an approximate price level except which?

• A)target ROI pricing
• B)target profit pricing
• C)target return-on-sales pricing
• D)target return-on-investment pricing
• E)cost-plus-percentage-of-cost pricing

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in net income.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby resetting the temporary accounts for the new period.

Temporary Accounts

Accounts used to track transactions within a fiscal period that are then reset to zero at the start of the next period, such as revenue and expense accounts.