Which of the following would NOT be a customer cost considered in determination of product value?
A. Product's purchase price
B. Time spent purchasing the product
C. Effort spent purchasing the product
D. Benefits received in the exchange for the products
E. Risk of purchasing the product
Answer: D
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Assuming a 360-day year, proceeds of $48,750 were received from discounting a $50,000, 90-day note at abank. The discount rate used by the bank in computing the proceeds was
a. 6.25% b. 10.00% c. 10.26% d. 9.75%
Generating positive cash flows from operations is one of the most important cash flow activities of a company
Indicate whether the statement is true or false
When a partner sells his interest to another party, the journal entry simply credits the withdrawing partner's capital account and debits the new partner's capital.
A) Admitting a new partner does not change the core structure of the old partnership. B) The purchase of an existing partner's interest is a transaction between the new partner and the partnership firm. C) Any time the partner mix changes, the old partnership ceases to exist and a new partnership begins. D) A person can become a partner by purchasing an existing partner's interest, even without the approval of the other partners.
What is the typical term used for a formal complaint under a union contract?
A. Grievance B. Investigation C. Instigation D. Due process E. Protest