Grocery stores use negotiated pricing strategies.
Answer the following statement true (T) or false (F)
False
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Strategic plans should be written by one group of managers, projects should be selected by another group, and projects should be implemented by another group.
Answer the following statement true (T) or false (F)
Operating assets equals:
a. cash, accounts receivable, and equipment. b. current assets plus tangible assets. c. total assets minus intangible assets. d. only long-term assets. e. only current assets.
George Wynn was a salesperson best known for:
A. selling industrial products to global firms. B. encouraging ethics and honesty in the selling profession. C. using dramatic demonstrations. D. developing the parallel dimensions of selling. E. employing autosuggestion techniques.
Perry Company acquires 100% of the stock of Hurley Corporation on January 1, 2017, for $3,800 cash. As of that date Hurley has the following trial balance: Debit CreditCash$500 Accounts receivable 600 Inventory 800 Buildings (net) (5 year life) 1,500 Equipment (net) (2 year life) 1,000 Land 900 Accounts payable $400 Long-term liabilities (due 12/31/20) 1,800 Common stock 1,000 Additional paid-in capital 600 Retained earnings 1,500 Total$5,300 $5,300 ??Net income and dividends reported by Hurley for 2017 and 2018 follow:? 20172018Net income$100 $120 Dividents 30 40 ??The fair value of Hurley's net assets that differ from their book values are listed
below:? Fair ValueBuildings$1,200 Equipment 1,250 Land 1,300 Long-term liabilities 1,700 ? ?Any excess of consideration transferred over fair value of net assets acquired is considered goodwill with an indefinite life .?Compute the amount of Hurley's long-term liabilities that would be reported in a December 31, 2018, consolidated balance sheet. A. $1,650. B. $1,800. C. $3,500. D. $1,750. E. $1,700.