The transaction amount for one unit of goods when the transaction occurs between divisions within the same company is the ________.
A) transfer price
B) opportunity cost
C) variable cost
D) sales price
A) transfer price
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The system of accounting in which there are at least two accounts affected in every transaction so that the accounting equation stays in balance is a(an)
a. Double-entry system b. Debit c. Credit d. Journalizing
With target costing, marketers first ________ and then ________
A) build the marketing mix; identify the target market B) identify target markets; set different prices for each market C) design the product; determine its cost D) use skimming pricing; use penetration pricing E) determine a reasonable selling price; target costs to ensure that the price is met
Chaz works for Bridge Builders, Inc While working on a Bridge Builders project, Chaz is injured. Under state workers' compensation laws, Chaz will be compensated only if his injury was A) incidental
B) material. C) accidental. D) intentional.
A client just paid $40,500 for a diamond necklace. If the percent markup based on cost is 115%, what was the cost?
A) $17,635.71 B) $18,837.21 C) $37,237.76 D) $35,217.39