Of the valuation systems discussed in your text, which one is purely theoretical, with virtually no operable practicability on a statement-wide basis?
a. Current value
b. Discounted cash flows
c. General price-level adjustment
d. Historical cost
ANSWER: B
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If actual sales totaled $120,000 (10,000 units at $12 each), and planned sales were $90,000 (9,000 units at $10 each), the difference between actual and planned sales due to the quantity factor is ________
a. $20,000 decrease b. $10,000 increase c. $20,000 increase d. $10,000 decrease
Nutri Star Corp. is a large food manufacturing corporation which is more profitable that its competitors. The company uses only organically grown grains and fruits
Nutri Star also promotes organic farming and helps nonprofit agencies who focus food and nutrition causes. The company has now decided launch a campaign that aimed at promoting healthy eating habits among youth. Nutri Star is most likely to have adopted the concept of__________. Fill in the blanks with correct word.
Farmer Fred is leasing pasture land from Wealthy Warren. Farmer Fred is working the soil to turn the pasture land into land that will be able to grow crops. As Farmer Fred is preparing the field, he discovers a treasure chest full of gold and silver coins. The coins are all dated before 1810 . A finder of treasure trove under common law,
a. was entitled to keep the treasure trove. b. was required to turn the property over to the owner. Here, under common law, Farmer Fred is required to turn the treasure trove over to Wealthy Warren. c. was required to turn the treasure trove over to the State. d. was required to turn the treasure trove over to the federal government who will give the treasure trove to the closest Native American reservation.
If, in a transportation problem, the total number of units demanded is equal to the total number of supply units available, the transportation problem is then described as ______.
a. balanced b. degenerate c. unbalanced d. feasible