Development of a transfer price involves
a. legal agreements.
b. increases in insurance premiums.
c. redistribution.
d. negotiation.
D
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Answer the following statements true (T) or false (F)
APB Statement 4 and SFAC No. 5 indicate that liabilities are measured at amounts established in the transaction, usually amounts to be paid it the future, but never discounted.
A _______ is an organized approach for seeking, gathering, analyzing, and interpreting competitor data, and for disseminating the resulting information to guide decisions
a. competitor analysis system b. competitor intelligence system c. sales potential forecast d. market definition system
The concept of strategic groups is relevant to industry and competitive analysis because
A. the profit potential of firms in the same strategic group is usually very similar. B. firms in the same strategic groups are rarely close competitors-a firm's closest competitors are usually in distant strategic groups. C. competitive pressures tend to be weaker within strategic groups than across strategic groups. D. strategic group maps help identify how each competing firm is positioned and the relationship to its closest competitors. E. competition grows in intensity as the number and diversity of the strategic groups in an industry increases.
Glasgow, Inc. uses the periodic inventory system. On February 1, the corporation purchased inventory on account for $14,000. The terms were 4/10, n/30. On February 2, it returned damaged goods worth $700 to the supplier and was granted an allowance
Give the journal entry for the payment if the invoice is paid after the discount period. (Round your answers to the nearest dollar.) A) Accounts Payable 13,440 Cash 12,902 Purchase Discounts 538 B) Cash 14,000 Accounts Payable 14,000 C) Accounts Payable 13,440 Cash 13,440 D) Cash 12,902 Purchase Discounts 538 Accounts Payable 13,440