A practical approach which is frequently used by managers when setting normal long-run prices is the:
A) cost-plus approach
B) economic theory approach
C) price graph approach
D) market price approach
A
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In the report text, the introduction includes an analysis of what the reported information means or how it should be acted upon.
Answer the following statement true (T) or false (F)
Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2015 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2015 . Park paid the amount due on June 13, 2015. Park uses the periodic inventory system. What effect does recording
the purchase of merchandise on June 5, 2015 have on Park's accounting equation? a. Assets and liabilities increase. b. Liabilities increase and stockholders' equity decreases. c. Assets and stockholders' equity increase. d. Liabilities and stockholders' equity decrease.
Which of the following statements is true of misstatements or omissions of material facts in the information furnished by accountants for registration statements?
A. An accountant is not liable to a purchaser of securities issued pursuant to a defective registration statement. B. A purchaser can recover even if the accountant can demonstrate that the purchaser was aware of the misstatements or omissions in the registration statement before buying the securities. C. An accountant's duty is to have a reasonable belief in the accuracy of the figures at the time the registration statement becomes effective. D. A purchaser cannot recover if he has not read the registration statement containing the material misstatements or omissions.
Aggie, Inc Aggie, Inc purchased a truck at a cost of $12,000. The truck has an estimated salvage value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2011, and was used 27,000 hours in 2011 and 26,000 hours in 2012. Refer to Aggie, Inc's information presented above, if Aggie uses the double-declining-balance depreciation method,
what amount is the depreciation expense for 2012? A) $4,800 B) $2,880 C) $1,728 D) $2,000