From the following details of a merchandiser, calculate the cost of goods sold. (Assume the merchandiser uses the periodic inventory system.)
A) $115,650
B) $59,800
C) $113,800
D) $51,650
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Estimating project cash flows is generally the most important, but also the most difficult, step in the capital budgeting process. Methodology, such as the use of NPV versus IRR, is important, but less so than obtaining a reasonably accurate estimate of projects' cash flows.
Answer the following statement true (T) or false (F)
Which of the following is not true regarding the fair value option for marketable securities and derivatives?
a. Subsequent to the acquisition of a derivative, the firm may report changes in fair value of derivatives in Other Comprehensive Income. b. Subsequent to the acquisition of a derivative, the firm may report changes in fair value of derivatives, but they have no effect on any lines of the statement of cash flows. c. Firms using the fair value option mark the carrying value of the asset to fair value each period. d. If the change in fair value increases carrying value, then the firm reports a gain in income equal to the amount of the increase in carrying value during the current period. e. The cash flow from operations section shows an addition for the amount of the gain equal to the amount of the increase in carrying value of a derivative during the current period.
Office layout is minimally concerned with the flow of work through an office
Indicate whether the statement is true or false.
What is the legal consequence of a trademark becoming a generic term?
A) The fair use doctrine would not apply. B) No one can use the term in a name for that type of product. C) The holder of the trademark for the term that has become generic cannot prevent others from using the generic term. D) Every seller must use the term to describe that type of product.