The expense and the risk of return in a sale or return situation is on the:
A) seller
B) buyer.
C) lienholder.
D) secured creditor.
B
You might also like to view...
A company recorded office supplies in an asset account when the supplies were purchased. Failure to take inventory and make an adjusting entry will result in an
a. understatement of liabilities. b. understatement of stockholders' equity. c. understatement of assets. d. overstatement of stockholders' equity.
The Engine Division of Magnificent Motor Corporation uses 5,000 carburetors per month in its production of automotive engines. It presently buys all of the carburetors it needs from two outside suppliers at an average cost of $100 . The Carburetor Division of Magnificent Motor Corporation manufactures the exact type of carburetor that the Engine Division requires. The Carburetor Division is
presently operating at its capacity of 15,000 units per month and sells all of its output to a foreign car manufacturer at $106 per unit. Its cost structure (on 15,000 units) is: Variable production costs $70 Variable selling costs 10 All fixed costs 10 Assume that the Carburetor Division would not incur any variable selling costs on units that are transferred internally. Refer to Magnificent Motor Corporation. What is the maximum of the transfer price range for a transfer between the two divisions? a. $106 b. $100 c. $90 d. $70
Federal environmental laws can be enforced through:
A) penalties. B) criminal sanctions. C) suits by private citizens. D) all of the above.
Web-based scorecards are referred to as:
a. Snippets b. Dashboards c. Sparklines d. Visual controls