Define identification-based distrust.
What will be an ideal response?
Identification-based distrust is defined as confident, negative expectations regarding another's conduct, grounded in perceived incompatibility of values, dissimilar goals, and negative emotional attachment to the other.
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At the end of 2013, Mirror Productions determined that one of its copyrights was worthless. The copyright had a cost of $320,000 . The copyright had been amortized for 8 years of its estimated 25-year legal life. Which of the following statements is the justification for removing the remaining cost of the copyright from the accounting records?
a. The copyright no longer represents a future benefit to the company. b. The federal government does not allow copyrights to be recorded as assets once they are deemed worthless. c. The cost of the copyright represents an obligation to return capital contributions to the stockholders. d. The cost of the copyright has usefulness that will impact the net income of future accounting periods.
________ occurs when channel members experience disagreements and their relationship becomes strained.
A. Channel conflict B. Vertical integration C. Outsourcing D. Disintermediation E. Stock-out
On September 12, Ryan Company sold merchandise in the amount of $8200 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $5200. Ryan uses the periodic inventory system and the net method of accounting for sales. On September 14, Johnson returns some of the non-defective merchandise, which is restored to inventory. The selling price of the returned merchandise is $740 and the cost of the merchandise returned is $470. The entry or entries that Ryan must make on September 14 is (are):
A.
| Sales returns and allowances | 718? | |
| Accounts receivable | 718? | |
| Merchandise inventory | 470? | |
| Cost of goods sold | 470? |
B.
| Sales returns and allowances | 470? | |
| Accounts receivable | 470? |
C.
| Sales returns and allowances | 740? | |
| Accounts receivable | 740? |
D.
| Sales returns and allowances | 718? | |
| Accounts receivable | 718? |
E.
| Sales returns and allowances | 718? | |
| Accounts receivable | 718? | |
| Merchandise inventory | 456? | |
| Cost of goods sold | 456? |
If today is manufacturing day 100 and an order has a due date of 120 and a lead time remaining of
25 days, the critical ratio would be: A) 0.25 B) 0.8 C) 1.2 D) 1.25 E) 0.2