Discuss briefly the three monetary measurement techniques of joint cost allocation
The sales value at split-off method assigns costs based only on the weighted proportions of the total sales values of the joint products without consideration of disposal costs at the split-off point. To use this method, all products must be salable at the split-off point. The net realizable value method assigns costs based on the product's proportional net realizable value at the split-off point. Net realizable value is equal to product sales revenue at split-off minus any costs necessary to prepare and dispose of the product.
Approximated net realizable value at split-off method requires that a simulated net realizable value at split-off be calculated. This is equal to final sales price minus incremental separate costs. Incremental separate costs refer to all costs that are incurred between split-off and the point of sale.
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In CATI systems questionnaires are left with the respondent to complete at a later time
Indicate whether the statement is true or false
Projected financial statements can be used to assess the sensitivity of all of the following except:
a. a firm's liquidity b. a firm's leverage to changes in assumptions c. conditions under which the firm's debt covenants may become binding d. unusual patterns for projected total assets.
Cultural differences challenge the communication process, as cultures differ in the meaning of certain words/phrases, importance of context, and attitude toward conflict.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. The maximum acceptable outcome and the least supportable outcome are guideposts for negotiations that should be considered flexible. 2. BATNA and LAO are essentially the same. 3. Time constraints are irrelevant in negotiations. 4. The environment is important when negotiating because it impacts the amount of control each party may exercise over the physical site arrangements as well as the psychological climate in which the exchange occurs.