Which of the following is an advantage of decentralization?
A) Managers' motivation and retention can be increased by empowering segment managers to make decisions.
B) Certain costs of activities may be duplicated.
C) Customer response time is generally decreased.
D) Top management can concentrate on decisions that relate to day-to-day operations of segments.
A
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The FASB requires a separate note in the financial statements to show the effects of inflation so that investors are able to compare statements more accurately
a. True b. False Indicate whether the statement is true or false
A company purchased equipment valued at $294,000. It traded in old equipment for a $235,000 trade-in allowance and the company paid $59,000 cash with the trade-in. The old equipment cost $280,000 and had accumulated depreciation of $56,000. This transaction has commercial substance. What is the recorded value of the new equipment?
A. $235,000. B. $224,000. C. $294,000. D. $283,000. E. $59,000.
On October 1, 2017, Parkin, Inc. made a loan to one of its customers. The customer signed a 9-month note for $150,000 at 14%. Calculate the maturity value of the note. (Round your answer to the nearest dollar.)
A) $165,750 B) $171,000 C) $129,000 D) $134,250
Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below: Sales revenues, Apparel$370,000 Variable expenses, Apparel$185,000 Traceable fixed expenses, Apparel$48,000 Sales revenues, Accessories$670,000 Variable expenses, Accessories$275,000 Traceable fixed expenses, Accessories$114,000 Common fixed expenses totaled $309,000 and were allocated as follows: $142,000 to the Apparel business segment and $167,000 to the Accessories business segment. Required:Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
What will be an ideal response?