In considering the purchase of a business, it is important that a retailer evaluate the length of a lease, condition of inventory, and value/cost of goodwill
Indicate whether the statement is true or false
True
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At the beginning of 2018, Moony, Inc. has a cumulative net actuarial loss in AOCI of $50,000 in its pension plan. The estimated remaining service period of active employees is 12 years for both years. 20182019Beginning plan asset value$335,000 $350,000 Beginning projected benefit obligation 325,000 385,000 Current year gain or (loss) (37,500) 25,000 The amortization of the cumulative net actuarial loss for 2018 is:
A. $4,500. B. $0. C. $3,350. D. $1,375.
During its first year of operations, Silverman Company paid $14,000 for direct materials and $19,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $17,000 while general, selling, and administrative expenses totaled $8,000. The company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit.What is Silverman's cost of goods sold for the year?
A. $50,000 B. $24,600 C. $41,000 D. $30,000
If we are ordering materials from an outside vendor, then the total inventory-related cost on an annual basis is given by the sum of ______.
A. total annual ordering cost, total annual holding cost, total annual stock-out cost, total annual materials purchase cost B. total annual setup cost, total annual holding cost, total annual stock-out cost, total annual materials purchase cost C. total annual ordering cost, total annual holding cost, total annual safety stock cost, total annual materials purchase cost D. total annual setup cost, total annual holding cost, total annual safety stock cost, total annual materials purchase cost
When speaking to a customer, ask questions with positive wording to encourage feedback and clarify details.
Answer the following statement true (T) or false (F)