The LEAST likely reason for cost differentials between countries is:
a. Lower labor rates
b. Longer transportation routes
c. Exchange rate differences
d. Government subsidies
b
You might also like to view...
After Bart and Veronica were involved in an automobile accident, Bart retained Rhonda as an attorney to negotiate an out-of-court settlement. After a lengthy discussion with Veronica's insurance company, Rhonda settled the case for $5,000. However, Bart personally rejected the $5,000 offer. Veronica filed suit to enforce the settlement, claiming that Rhonda was authorized to accept the settlement on behalf of Bart. Discuss Rhonda's express, implied, and apparent authority.
What will be an ideal response?
Montgomery Corporation has excess cash to invest and pays $200,000 to buy 7%, five-year bonds of Richmond Corporation, at face value, on June 30, 2018. The bonds pay interest on June 30 and December 31. Montgomery intends to hold the bonds to maturity and has the ability to hold the bonds to maturity. The bonds are disposed of, at face value, on June 30, 2023.
Prepare the journal entry for June 30, 2018 (omit the explanation).
On a cost of quality report, appraisal costs:
a. include the cost of quality circles where employees meet to discuss how they can improve processes. b. are incurred to determine the value of a damaged product. c. are incurred to identify which products do not conform to specification before they are shipped. d. include the cost to correct defective units before they are shipped.
Current assets divided by current liabilities is known as the
A) profit margin. B) current ratio. C) working capital. D) capital structure.