List seven organizational buying criteria.
What will be an ideal response?
Key organizational buying criteria and an example of each include: (1) price; (2) quality specifications; (3) delivery schedule; (4) technical capability; (5) warranties and claim policies; (6) past performance; and (7) production facilities and capacity.
You might also like to view...
What is the primary purpose of measuring turnover costs?
What will be an ideal response?
The cost of retained earnings ________
A) is the loss of the dividend option for the owners B) is the cost of issuing new common stock without the flotation costs C) is the appropriate cost of capital for the shareholders D) All of the above
UCC Section 2-204 provides three important rules that enable parties to make a contract quickly and informally. Which of the following is NOT one of these rules?
A) The parties may make a contract in any manner sufficient to show that they reached an agreement. B) A writing sufficient under the statute of frauds may be a simple memo, a letter, or informal note, but need not itself be a contract. C) The UCC will enforce a deal even though it is difficult to say exactly when it was formed. D) A court may enforce a bargain even though one or more terms were left open.
Parent Corporation owns 100% of the stock of Subsidiary Corporation. The adjusted basis of its stock investment is $100,000. A plan of liquidation is adopted. Subsidiary distributes to Parent assets with a $325,000 FMV and a $275,000 adjusted basis. Subsidiary also distributes liabilities in the amount of $40,000. Subsidiary has a $150,000 E&P balance.a) What is the amount and character of Subsidiary Corporation's recognized gain or loss on the distribution?b) What is the amount and character of Parent Corporation's recognized gain or loss on the redemption of the Subsidiary stock?c) What basis does Parent take in the assets?d) What happens to parent Corporation's basis in the Subsidiary stock and to Subsidiary's tax attributes?
What will be an ideal response?