During inflationary periods, the use of the LIFO method of costing inventory will result in a greater amount of net income than would result from the use of the FIFO method
Indicate whether the statement is true or false
False
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Caterpillar markets are the most reliable farm equipment in the industry. This is an example of a:
A) differentiation strategy. B) market penetration strategy. C) market development strategy. D) cost-based strategy.
[The following information applies to the questions displayed below.] On January 1, Year 1, Niagara Corporation arranges a $6,000 line of credit with Centennial Bank. It accepted the bank's offer of 1% above the prime rate with interest payments on December 31 of each year. All borrowings and repayments are to take place on January 1 of each year.Niagara begins its loan transactions with Centennial Bank by borrowing $2,000 on January 1, Year 1. Which of the following shows the effect of this event on the elements of the financial statements? Assets=Liab.+Stk.EquityRevenue?Expense=Net Inc.Stmt. ofCash FlowsA.2,000=2,000+NANA?NA=NA2,000 IAB.2,000=NA+2,0002,000?NA=2,0002,000 IAC.2,000=NA+2,0002,000?NA=2,0002,000 OAD.2,000=2,000+NANA?NA=NA2,000 FA
A. Option A B. Option B C. Option C D. Option D
Managers shift gears quickly; therefore, the average time spent on any one activity is less than:
A. nine minutes. B. an hour. C. one workday. D. a half hour. E. a half day.
Describe the two dimensions that help explain the distinction between mergers and acquisitions. Then give a real-life example of one merger and one acquisition.
What will be an ideal response?