The market into which a company introduces components or parts that may be bought and configured into the final product and sold by the reseller is called the
A. optimal brand market.
B. aftermarket.
C. general market.
D. operational essentials market.
E. original equipment market.
Answer: E
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All of the following are external events (transactions) except for
a. a department store recognizing losses from shoplifting. b. a department store running ads in a local newspaper. c. a department store purchasing merchandise from a clothing manufacturer. d. a department store selling clothing to customers on credit.
In year one, McClintock Co. acquired a truck that cost $75,500 with an estimated $14,000 salvage value and 4 year estimated useful life. Depreciation in the first year was $15,375. McClintock had the following transactions involving plant assets during Year 2. Unless otherwise indicated, all transactions were for cash. Jan. 5Paid $5,000 to put a new engine in the truck that is expected to make the truck run more efficiently and increase the truck's useful life by one year. The salvage value did not change.Mar. 1Paid $2,000 to replace a broken tailgate that was damaged when a heavy carton was inadvertently dropped on it.Dec. 31Recorded straight-line depreciation on the truck.Prepare the general journal entries to record these transactions.
What will be an ideal response?
Identify the nouns in the sentence. Mrs. Shaw took a long-awaited cruise across the Atlantic Ocean
Jared owns 100 acres of woodland. One day, he and Margie are hiking through Jared's woods and Margies finds a gold ring. The true owner is never discovered. Which of the following statements about this situation is correct?
A. Because of the ring was found on Jared's property, he is probably entitled to keep it. B. Margie found the ring, and since the true owner is unknown the ring is now belongs to her. C. By law, Margie needs to return the ring to the spot where she found it, just in case the true owner returns for it. D. The ring must be sold and the profit is split evenly between Jared and Margie.