IT Technology has designed its corporate structure with divisions based on their location. For example, there are the Southern and Northern Divisions, and globally there are the European Division and the Asian Division. IT Technology is an example of a structure with
A. geographic divisions.
B. matrix partitions.
C. customer divisions.
D. common area divisions.
E. product divisions.
A. geographic divisions.
Geographic divisions group activities around defined regional locations.
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Under U.S. GAAP, which of the following items would require a lessee to classify a lease of equipment as a capital lease?
a. There is no transfer of ownership to the lessee at the end of the lease term. b. The lease does not contain a bargain purchase option. c. The lease term is 90% of the estimated economic life of the lease property. d. The present value of the contractual minimum lease payments is 75% of the fair value of the leased property.
What is the Garman-Kolhagen model of foreign currency option pricing?
What will be an ideal response?
An imported item substantially transformed in the United States by the importer before being sold to the ultimate purchaser need not be marked with a foreign country of origin
Indicate whether the statement is true or false
Pelcher Co. maintains a $400 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $110 for office supplies, $140 for merchandise inventory, and $70 for miscellaneous expenses. There is a cash overage of $4. Based on this information, the amount of cash in the fund before the replenishment is:
A. $76. B. $400. C. $84. D. $320. E. $80.