Which of the following should be included in the acquisition cost of a piece of equipment?
a. transportation costs
b. installation costs
c. testing costs prior to placing the equipment into production
d. all are correct
Answer is d. all are correct
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Which of the following events does not require a journal entry?
a. Purchase of a one-year insurance policy b. Agreement to perform a service at a future date c. Performance of a service agreed to at a past date d. Payment for a service performed previously
What do MRO products and consumer convenience products have in common? How do they differ?
What will be an ideal response?
Which of the following contracts is an example of future goods?
A) an option contract for a real estate property B) a contract to buy a car off a dealer's lot C) a preordered video game D) a contract to sell a newborn animal
Of the four approaches to capacity expansion, the approach that "straddles" demand:
A) uses incremental expansion. B) uses one-step expansion. C) at some times leads demand, and at other times lags. D) works best when demand is not growing but is stable. E) Choices A and C are both correct.