Every purchase is made with decision-making criteria in mind. There are usually four levels of desire within the decision-making criteria.
Answer the following statement true (T) or false (F)
False
Every purchase is made with decision-making criteria in mind, either consciously or subconsciously. Within those criteria, there are usually three levels of desire: must have, should have, and would be nice to have.
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When used properly, pro forma financial information makes a positive contribution to financial reporting
Indicate whether the statement is true or false
The state of Illinois has passed a law requiring that every automobile be inspected at least once a year for pollution control. Anfang Enterprises is considering entering into this type of business. After extensive studies, Joseph Anfang has developed the following set of projected annual data on which to make his decision: Direct service labor $363,000.00 Variable service overhead costs
270,000.00 Fixed service overhead costs 280,000.00 Marketing expenses 120,000.00 General and administrative expenses 170,000.00 Minimum profit 90,000.00 Cost of assets employed 500,000.00 Anfang believes that his company will inspect 100,000 automobiles per year. The company earns an average of 18.75 percent return on its assets. The price to be charged for inspecting each automobile using the time and materials pricing method would be calculated as follows: a. ($913,000.00 ÷ 100,000) + {($913,000.00 ÷ 100,000) ? [($90,000 + $290,000) ÷ $913,000.00]} b. ($1,203,000.00 ÷ 100,000) + [($1,203,000.00 ÷ 100,000) ? ($90,000 ÷ $1,203,000.00)] c. ($1,203,000.00 ÷ 100,000) + [($500,000 ÷ 100,000) ? 0.1875] d. None of these
The following data has been collected about Keller Company's stockholders' equity accounts:Common stock $10 par value 20,000 sharesauthorized, 10,000 shares issued, and 9,000 shares outstanding$100,000Paid-in capital in excess of par value, common stock50,000Retained earnings25,000Treasury stock11,500Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is:
A. $1.15. B. $11.50. C. $1.28. D. $10.50. E. $10.00.
The Sarbanes-Oxley Act applies only to public companies
Indicate whether the statement is true or false